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Measurement of excess bidding in auctions

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Measurement of excess bidding in auctions. / Ferona, Angeliki; Tsionas, Michael.

In: Economics Letters, Vol. 116, No. 3, 09.2012, p. 377-380.

Research output: Contribution to journalJournal article

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Ferona, A & Tsionas, M 2012, 'Measurement of excess bidding in auctions', Economics Letters, vol. 116, no. 3, pp. 377-380. https://doi.org/10.1016/j.econlet.2012.04.025

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Vancouver

Author

Ferona, Angeliki ; Tsionas, Michael. / Measurement of excess bidding in auctions. In: Economics Letters. 2012 ; Vol. 116, No. 3. pp. 377-380.

Bibtex

@article{1952904406fc468eb3de13fca395c806,
title = "Measurement of excess bidding in auctions",
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.",
keywords = "Auctions, Stochastic Frontiers , Excess bidding",
author = "Angeliki Ferona and Michael Tsionas",
year = "2012",
month = sep
doi = "10.1016/j.econlet.2012.04.025",
language = "English",
volume = "116",
pages = "377--380",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "3",

}

RIS

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 -