The declining price anomaly

DOI10.1006/JETH.1993.1041zbMATH Open0772.90008OpenAlexW1975109661MaRDI QIDQ1802044FDOQ1802044

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

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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)

Cited In (36)

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

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