haku: @author Berg, G. J. van den / yhteensä: 4
viite: 2 / 4
| Tekijä: | Berg, G. J. van den Ours, J. C. van Pradhan, M. P. |
| Otsikko: | The Declining Price Anomaly in Dutch Rose Auctions |
| Lehti: | American Economic Review
2001 : SEP, VOL. 91:4, p. 1055-1062 |
| Asiasana: | PRICES PRICE POLICY SCANDINAVIA AUCTIONS |
| Kieli: | eng |
| Tiivistelmä: | The present paper contributes to the empirical literature on declining prices. The authors use data on roses from the Aalsmeer Flower Auction (AFA) to analyze price movements in sequential auctions. The AFA is located in The Netherlands and uses a Dutch (descending first- price) auction to sell products. Products are supplied as "lots," which are defined as the total amount of a given product (or article) supplied by a given grower on a given day. A lot consists of a number of fully identical "units" (a unit is a fixed number of flowers, in our case a bucket of roses). The auctioning of the units of a given lot is sequential. Typically, there is more than one round per auction. The authors' results provide additional insight into the nature of the declining-price phenomenon. |
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