Bayesian inference in repeated English auctions

Albano, Gian-Luigi;Jouneau-Sion, F
(2004) Test — Vol. 13, n° 1, p. 193-211 (2004)

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Authors
  • Albano, Gian-Luigi
    Author
  • Jouneau-Sion, F
    Author
Abstract
We propose a Bayesian approach to inference in repeated oral English auctions. The model allows for a dynamic behavior of the sequence of selling prices. We apply the technique to a sale of antiques and bud a clear evidence of dynamic effects.
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Albano, G.-L., & Jouneau-Sion, F. (2004). Bayesian inference in repeated English auctions. Test, 13(1), 193-211. https://doi.org/10.1007/BF02603006 (Original work published 2004)