Order and Price in a Sequential Auction.
A sequential auction of commercial properties produced evidence that bid timing matters. Prices declined as the auction proceeded, an outcome consistent with expectations when bidders are either risk averse or quantity constrained. Copyright 1994 by Kluwer Academic Publishers
Year of publication: |
1994
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Authors: | Lusht, Kenneth M |
Published in: |
The Journal of Real Estate Finance and Economics. - Springer. - Vol. 8.1994, 3, p. 259-66
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Publisher: |
Springer |
Saved in:
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