| dc.contributor.author | Sønstebø, Ole Jakob | |
| dc.contributor.author | Olaussen, Jon Olaf | |
| dc.contributor.author | Oust, Are | |
| dc.date.accessioned | 2021-03-29T09:06:26Z | |
| dc.date.available | 2021-03-29T09:06:26Z | |
| dc.date.created | 2021-03-17T13:46:26Z | |
| dc.date.issued | 2021 | |
| dc.identifier.issn | 0896-5803 | |
| dc.identifier.uri | https://hdl.handle.net/11250/2735895 | |
| dc.description.abstract | Existing residential homes in Norway are sold by English auctions. This provides an exclusive opportunity to examine opening bid strategies for high-valued objects. Using unique data from surveys and auction journals, we find that the direct price effect of a high opening bid is stronger than the intimidation effect. A higher opening bid is associated with an overall higher price premium in OLS and fixed-effects regressions. Our results have implications for both buyers and sellers in situations where auctions and auction-like sales mechanisms are used, and for policy makers regarding auction process rules and market regulations. | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Taylor & Francis | en_US |
| dc.title | Opening Bid Strategies in English Auctions | en_US |
| dc.type | Peer reviewed | en_US |
| dc.type | Journal article | en_US |
| dc.description.version | acceptedVersion | en_US |
| dc.source.volume | 43 | en_US |
| dc.source.journal | Journal of Real Estate Research | en_US |
| dc.source.issue | 1 | en_US |
| dc.identifier.doi | https://doi.org/10.1080/08965803.2021.1886540 | |
| dc.identifier.cristin | 1898669 | |
| dc.description.localcode | Locked until 5.3.2022 due to copyright restrictions. This is an [Accepted Manuscript] of an article published by Taylor & Francis, available at https://doi.org/10.1080/08965803.2021.1886540 | en_US |
| cristin.ispublished | true | |
| cristin.fulltext | postprint | |
| cristin.qualitycode | 1 | |
