Measurement of excess bidding in auctions

Ferona, Angeliki and Tsionas, Michael (2012) Measurement of excess bidding in auctions. Economics Letters, 116 (3). pp. 377-380. ISSN 0165-1765

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Abstract

This paper provides a link between the structural approach of econometrics of auctions with the stochastic frontier literature in an effort to model excess bidding behaviour. The new technique is applied to timber auction data. The results suggest that both systematic overbidding and underbidding components are important.

Item Type: Journal Article
Journal or Publication Title: Economics Letters
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
Departments: Lancaster University Management School > Economics
ID Code: 65228
Deposited By: ep_importer_pure
Deposited On: 18 Jun 2013 02:53
Refereed?: Yes
Published?: Published
Last Modified: 01 Jan 2020 08:32
URI: https://eprints.lancs.ac.uk/id/eprint/65228

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