Berg, Gerard J. van den; Ours, Jan C. van; Pradhan, Menno P. - Tinbergen Instituut - 1999
This discussion paper resulted in an article in the <I>American Economic Review</I> (2001). Volume 91, pages 1055-1062.<P> According to basic models of sequential private value auctions of identical objects, consecutive prices are on average constant or rising. In empirical studies, prices are often found...</p></i>
