The Impact of Change in Auction Format on Bidding Behavior

9 Pages Posted: 2 Jan 2006

See all articles by Dakshina G. De Silva

Dakshina G. De Silva

Department of Economics, Lancaster University Management School

Anuruddha Kankanamge

University of Oklahoma

Georgia Kosmopoulou

University of Oklahoma - Department of Economics

Date Written: December, 2005

Abstract

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.

Keywords: Auctions, Multi-round Auctions

JEL Classification: D44

Suggested Citation

De Silva, Dakshina G. and Kankanamge, Anuruddha and Kosmopoulou, Georgia, The Impact of Change in Auction Format on Bidding Behavior (December, 2005). Available at SSRN: https://ssrn.com/abstract=873090 or http://dx.doi.org/10.2139/ssrn.873090

Dakshina G. De Silva

Department of Economics, Lancaster University Management School ( email )

Lancaster LA1 4YX
United Kingdom

Anuruddha Kankanamge

University of Oklahoma ( email )

307 W Brooks
Norman, OK 73019
United States

Georgia Kosmopoulou (Contact Author)

University of Oklahoma - Department of Economics ( email )

633 Elm Avenue
306 Ellison Hall
Norman, OK 73019
United States
405-325-3083 (Phone)
405-325-5842 (Fax)

HOME PAGE: http://georgiakosmopoulou.oucreate.com/

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