[1] Ashenfelter, O. (1989). 'How auctions works for wine and art', Journal of Economic Perspectives, vol.
3, pp. 23-36.
[2] Ashenfelter, O. and Genesove, D. (1992). 'Testing for price anomalies in real-estate auctions', American
Economic Review, vol. 82, pp. 501-505.
[3] Ashenfelter, O. and Graddy, K. (2003). 'Auctions and the price of art', Journal of Economic Literature,
vol. 41, pp. 763-786.
[4] Beggs, A. Graddy, K. (1997). 'Declining values and the afternoon effect: evidence from art auctions',
RAND Journal of Economics, vol. 28, pp. 544-565.
[5] van den Berg, G., van Ours, J. and Pradhan, M. (2001). 'The declining price anomaly in Dutch rose
auctions', American Economic Review, vol. 91, pp. 1055-1062.
[6] Bernhardt, D. and Scoones, D. (1994). 'A note on sequential auctions', American Economic Review,
vol. 84, pp. 653-657.
[7] Black, J. and de Meza, D. (1992). 'Systematic price differences between successive auctions are no
anomaly', Journal of Economics and Management Strategy, vol. 1, pp. 607-628.
[8] Buccola, S. (1982). 'Price trends at livestock auctions', American Journal of Agricultural Economics,
vol. 64, pp. 63-69.
[9] Burns, P. (1985). 'Experience and decision making: a comparison of students and businessmen in a
simulated progressive auction', in (V. Smith, ed.), Research in Experimental Economics: A Research
Annual, vol. 3, Greenwich, Connecticut: JAI.
[10] Chanel, O., Gérard-Varet, L.A. and Vincent, S. (1996). 'Auction theory and practice: evidence from
the market for jewellery', in (V. Ginsburgh and P.M. Menger, eds), Economics of the Arts: Selected
Essays, Amsterdam: Elsevier.
[11] Che, Y.K. and Gale, I. (1998). 'Standard auctions with financially constrained bidders', Review of
Economic Studies, vol. 65, pp. 1-21.
[12] Dasgupta, P. and Maskin, E. (2000). 'Efficient auctions', Quarterly Journal of Economics, vol. 95, pp.
341-388.
[13] Deltas, G. and Kosmopolou, G. (2004). 'Bidding in sequential auctions: 'catalogue'vs. 'order-of-sale'
effects', Economic Journal, vol. 114, pp. 28-54.
[14] Engelbrecht-Wiggans, R. (1994). 'Sequential auctions of stochastically equivalent objects', Economics
Letters, vol. 44, pp. 87-90.
[15] Feng, J., and Chatterjee., K. (2005). 'Simultaneous vs. sequential auctions: intensity of competition
and uncertainty'Working Paper, Penn State University.
[16] Harstad, R.M., and Rothkopf, M.H. (2000). 'An alternating recognition model of English auctions',
Management Science, vol. 46, pp. 1-18.
[17] Hörner, J., and Jamison, J. (2008). 'Sequential common-value auctions with asymmetrically informed
bidders', Review of Economic Studies, vol. 75, pp. 475-498.
[18] Gale, I. and Hausch, D. (1994). 'Bottom-fishing and declining prices in sequential auctions', Games
and Economic Behavior, vol. 7, pp. 318-331.
[19] Gale, I. and Stegeman, M. (2001). 'Sequential auctions of endogenously valued objects', Games and
Economic Behavior, vol. 36, pp. 74-103.
[20] Gandal, N. (1997). 'Sequential auctions of interdependent objects: Israeli cable television licenses',
Journal of Industrial Economics, vol. 45, pp. 227-244.
[21] Ginsburgh, V. (1998). 'Absentee bidders and the declining price anomaly in wine auctions', Journal
of Political Economy, vol. 106, pp. 1302-1319.
[22] Ginsburgh, V. and van Ours, J. (2007). 'How to organize a sequential auction. Results of a natural
experiment by Christie's', Oxford Economic Papers, vol. 59, pp. 1-15.
[23] Jeitschko, T. (1999). 'Equilibrium price paths in sequential auctions with stochastic supply', Economics
Letters, vol. 64, pp. 67-72.
[24] Jeitschko, T. and Wolfstetter. E. (1998). 'Scale economies and the dynamics of recurring auctions',
Economic Inquiry, vol. 40, pp. 403-414.
[25] Jones, C., Menezes, F. and Vella, F. (2004). 'Auction price anomalies: evidence from wool auctions in
Australia', Economic Record, vol. 80, pp. 271-288.
[26] Katzman, B. (1999). 'A two stage sequential auction with multi-unit demands', Journal of Economic
Theory, vol. 86, pp. 77-99.
[27] Keser, C. and Olson, M. (1996). 'Experimental examination of the declining price anomaly', in (V.
Ginsburgh and P.M. Menger, eds.), Economics of the Arts: Selected Essays, Amsterdam: Elsevier.
[28] Ljungqvist, L. and Sargent. T. (2000). Recursive Macroeconomic Theory, Cambridge, Massachusetts:
MIT Press.
[29] Lusht, K. (1994). 'Order and price in a sequential auction', Journal of Real Estate Finance and
Economics, vol. 8, pp. 259-266.
[30] Maskin, E. and Riley, J. (1984). 'Optimal auctions with risk averse buyers', Econometrica, vol. 52,
pp. 1473-1518.
[31] Matthews, S. (1983). 'Selling to risk averse buyers with unobservable tastes', Journal of Economic
Theory, vol. 30, pp. 370-400.
[32] McAfee, P. and Vincent, D. (1993). 'The declining price anomaly', Journal of Economic Theory, vol.
60, pp. 191-212.
[33] Mezzetti, C., Pekeµc, A. and Tsetlin, I. (2008). 'Sequential vs. single-round uniform-price auctions',
Games and Economic Behavior, vol. 62, pp. 591-609.
[34] Milgrom, P. (2004). Putting Auction Theory to Work, Cambridge, UK: Cambridge University Press.
[35] Milgrom, P. and Weber, R. (1982). 'A theory of auctions and competitive bidding, II', Working Paper,
Stanford University and Northwestern University. Published with new foreword in (P. Klemperer, ed.)
(2000). The Economic Theory of Auctions, Vol. 1, Cheltenham, UK: Edward Edgar.
[36] Pesando J. and Shum, P. (1996). 'Price anomalies at auctions: evidence from the market for modern
prints', in (V. Ginsburgh and P.M. Menger, eds.), Economics of the Arts: Selected Essays, Amsterdam:
Elsevier.
[37] Thiel, S. and Petry, G. (1995). 'Bidding behaviour in second-price auctions: rare stamp sales, 1923-
1937', Applied Economics, vol. 27(1), pp. 11-16.
[38] Virág, G. (2007). 'Repeated common value auctions with asymmetric bidders', Games and Economic
Behavior, vol. 61, pp. 156-177.
[39] Weber, R. (1983). 'Multi-object auctions', in (R. Engelbrecht-Wiggans, M. Shubik and R.M. Stark,
eds.), Auctions, Bidding and Contracting: Uses and Theory, New York University Press, New York,
pp. 165-94.