The Impact of Change in Auction Format on Bidding Behavior
Dakshina G. De Silva
Department of Economics, Lancaster University Management School
University of Oklahoma
University of Oklahoma - Department of Economics
We investigate differences in bidding behavior and participation patterns between simultaneous and multi-round auction formats held in the state of Oklahoma. Theory suggests there could be differential bidding effects arising from synergies and the release of relevant information across the two formats. We find no statistically significant difference in either the number of bids submitted or the bidding patterns observed relative to the control group of auctions held under a uniform format in Texas.
Number of Pages in PDF File: 9
Keywords: Auctions, Multi-round Auctions
JEL Classification: D44working papers series
Date posted: January 2, 2006
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