auction in the world. We find that there is a substantial price decline and suggest that the presence of a buyer's option …, whereby the winner of the first auction has the opportunity to buy the remaining units at the winning price, is a main … this declining price anomaly. In this paper we analyze data on sequential Dutch auctions of roses from the largest flower …

. This study explores this aspect through an empirical analysis of professional football matches in the Netherlands involving …

flower auction in the world. We find that there is a substantial price decline and suggest that the presence of a buyer …'s option, whereby the winner of the first auction has the opportunity to buy the remaining units at the winning price, is a … forward for this declining price anomaly. In this paper we analyze data on sequential Dutch auctions of roses from the largest …