Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Measurement of excess bidding in auctions
AU - Ferona, Angeliki
AU - Tsionas, Michael
PY - 2012/9
Y1 - 2012/9
N2 - 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.
AB - 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.
KW - Auctions
KW - Stochastic Frontiers
KW - Excess bidding
U2 - 10.1016/j.econlet.2012.04.025
DO - 10.1016/j.econlet.2012.04.025
M3 - Journal article
VL - 116
SP - 377
EP - 380
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 3
ER -