Sample records for 瓷料 (porcelain)
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29

How to Organize Sequential Auctions: Results of a Natural Experiment by Christie's

Ginsburgh, V.; Ours, J.C. van

In empirical studies of sequential auctions of identical objects prices have been found to decline.We study auctions of ancient Chinese porcelain recovered from shipwrecks.In these auctions there are very long sequences of lots of identical objects.We find that the average price decline is smaller i...

DRIVER (Chinese)