The declining price anomaly

DOI10.1006/JETH.1993.1041MaRDI QIDQ1802044zbMATH OpenOpenAlexFDO

Authors R. Preston McAfee, Daniel R. Vincent

Publication date 11 October 1993

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/jeth.1993.1041

zbMATH Keywords

decreasing absolute risk aversiondeclining price anomalywine auctions

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Microeconomic theory (price theory and economic markets) (91B24)

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Cited in

(36)

• Sequentially optimal auctions
• The price of stability of envy-free equilibria in multi-buyer sequential auctions
• First-price equilibrium and revenue equivalence in a sequential procurement auction model
• A two stage sequential auction with multi-unit demands
• Equilibrium reserve prices in sequential ascending auctions
• On some myths about sequenced common-value auctions
• The declining price anomaly is not universal in multi-buyer sequential auctions (but almost is)
• Budget-constrained sequential auctions with incomplete information
• Uninformed bidding in sequential auctions
• Sequential auctions of endogenously valued objects
• Non-parametric estimation of sequential English auctions
• The changing of common priors in sequential auctions
• Revenue-maximizing Dutch auctions with discrete bid levels
• Learning to bid in sequential Dutch auctions
• Declining prices in sequential auctions with complete revelation of bids
• Sequential auctions with delay costs. A two-period model
• Sequential auctions with capacity constraints: an experimental investigation
• Sequential auctions and externalities
• Reserve prices in repeated auctions
• A learning approach to auctions
• Auctions with online supply
• Equilibrium of a sequence of auctions when bidders demand multiple items
• Sequential auctions with ambiguity
• Simultaneous vs. sequential auctions with risk averse bidders
• Heterogeneous buyer preferences behind rejecting the law of one price in the fine wines market
• Equilibrium price paths in sequential auctions with stochastic supply
• Sequential auctions, price trends, and risk preferences
• Sequential auctions with synergies: An example
• Signal jamming in a sequential auction
• Loss aversion in sequential auctions
• A comparative analysis of multi-unit sequential auction under optimal reserve
• Design of discrete Dutch auctions with an uncertain number of bidders
• Sequential auctions of heterogeneous objects
• Equivalence and revenue comparison among identical-item auctions
• The declining price anomaly is not universal in multi-buyer sequential auctions (but almost is)
• A note on sequential auctions with multi-unit demand

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