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dc.contributor.authorVELLA, Frank
dc.contributor.authorJONES, Chris
dc.contributor.authorMENEZES, Flavio
dc.date.accessioned2005-01-06T11:10:10Z
dc.date.available2005-01-06T11:10:10Z
dc.date.issued2004
dc.identifier.citationThe economic record, 2004, Vol. 80, No. 250, pp. 271-357
dc.identifier.issn1475-4932
dc.identifier.urihttp://hdl.handle.net/1814/2147
dc.descriptionFirst published: 17 August 2004
dc.description.abstractUsing detailed Australian wool auction data we test for further evidence of pricing anomalies at sequential auctions. We find that an anomaly frequently exists and order is frequently endogenously determined. Moreover, prices increase through some sales and decrease through others. We examine whether it is possible to explain the variation in the anomaly across sales and conclude that there is no systematic relationship between the direction of the price anomaly and the characteristics of the wool or the auction. We do, however, find evidence that an anomaly is more likely in longer sales.
dc.language.isoen
dc.publisherThe Economic Society of Australia
dc.relation.ispartofThe Economic Record
dc.titleAuction price anomalies : evidence from wool auctions in Australiaen
dc.typeArticle
dc.identifier.doi10.1111/j.1475-4932.2004.00188.x
dc.identifier.volume80
dc.identifier.startpage271
dc.identifier.endpage357


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