Declining Values and the Afternoon Effect: Evidence from Art Auctions

Alan Beggs; Kathryn Graddy

The RAND Journal of Economics, Vol. 28, No. 3. (Autumn, 1997), pp. 544-565.

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Declining Values and the Afternoon Effect: Evidence from Art AuctionsAlan Beggs; Kathryn GraddyThe RAND Journal of Economics, Vol. 28, No. 3. (Autumn, 1997), pp. 544-565.Stable URL:

http://links.jstor.org/sici?sici=0741-6261%28199723%2928%3A3%3C544%3ADVATAE%3E2.0.CO%3B2-7

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[Footnotes]

1 Unnatural Value: Or Art Investment as Floating Crap GameWilliam J. BaumolThe American Economic Review, Vol. 76, No. 2, Papers and Proceedings of the Ninety-EighthAnnual Meeting of the American Economic Association. (May, 1986), pp. 10-14.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28198605%2976%3A2%3C10%3AUVOAIA%3E2.0.CO%3B2-O

1 Art as an Investment: The Market for Modern PrintsJames E. PesandoThe American Economic Review, Vol. 83, No. 5. (Dec., 1993), pp. 1075-1089.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199312%2983%3A5%3C1075%3AAAAITM%3E2.0.CO%3B2-N

2 A Note on Sequential AuctionsDan Bernhardt; David ScoonesThe American Economic Review, Vol. 84, No. 3. (Jun., 1994), pp. 653-657.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199406%2984%3A3%3C653%3AANOSA%3E2.0.CO%3B2-Z

2 Rational Frenzies and CrashesJeremy Bulow; Paul KlempererThe Journal of Political Economy, Vol. 102, No. 1. (Feb., 1994), pp. 1-23.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199402%29102%3A1%3C1%3ARFAC%3E2.0.CO%3B2-Q

http://www.jstor.org

LINKED CITATIONS- Page 1 of 4 -

NOTE: The reference numbering from the original has been maintained in this citation list.

2 Predatory Bidding in Sequential AuctionsNils-Henrik Morch von der FehrOxford Economic Papers, New Series, Vol. 46, No. 3. (Jul., 1994), pp. 345-356.Stable URL:

http://links.jstor.org/sici?sici=0030-7653%28199407%292%3A46%3A3%3C345%3APBISA%3E2.0.CO%3B2-4

2 A Note on Sequential AuctionsDan Bernhardt; David ScoonesThe American Economic Review, Vol. 84, No. 3. (Jun., 1994), pp. 653-657.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199406%2984%3A3%3C653%3AANOSA%3E2.0.CO%3B2-Z

18 Predatory Bidding in Sequential AuctionsNils-Henrik Morch von der FehrOxford Economic Papers, New Series, Vol. 46, No. 3. (Jul., 1994), pp. 345-356.Stable URL:

http://links.jstor.org/sici?sici=0030-7653%28199407%292%3A46%3A3%3C345%3APBISA%3E2.0.CO%3B2-4

References

How Auctions Work for Wine and ArtOrley AshenfelterThe Journal of Economic Perspectives, Vol. 3, No. 3. (Summer, 1989), pp. 23-36.Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28198922%293%3A3%3C23%3AHAWFWA%3E2.0.CO%3B2-5

Testing for Price Anomalies in Real-Estate AuctionsOrley Ashenfelter; David GenesoveThe American Economic Review, Vol. 82, No. 2, Papers and Proceedings of the Hundred and FourthAnnual Meeting of the American Economic Association. (May, 1992), pp. 501-505.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199205%2982%3A2%3C501%3ATFPAIR%3E2.0.CO%3B2-L

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NOTE: The reference numbering from the original has been maintained in this citation list.

Unnatural Value: Or Art Investment as Floating Crap GameWilliam J. BaumolThe American Economic Review, Vol. 76, No. 2, Papers and Proceedings of the Ninety-EighthAnnual Meeting of the American Economic Association. (May, 1986), pp. 10-14.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28198605%2976%3A2%3C10%3AUVOAIA%3E2.0.CO%3B2-O

A Note on Sequential AuctionsDan Bernhardt; David ScoonesThe American Economic Review, Vol. 84, No. 3. (Jun., 1994), pp. 653-657.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199406%2984%3A3%3C653%3AANOSA%3E2.0.CO%3B2-Z

Rational Frenzies and CrashesJeremy Bulow; Paul KlempererThe Journal of Political Economy, Vol. 102, No. 1. (Feb., 1994), pp. 1-23.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199402%29102%3A1%3C1%3ARFAC%3E2.0.CO%3B2-Q

A Theory of Auctions and Competitive BiddingPaul R. Milgrom; Robert J. WeberEconometrica, Vol. 50, No. 5. (Sep., 1982), pp. 1089-1122.Stable URL:

http://links.jstor.org/sici?sici=0012-9682%28198209%2950%3A5%3C1089%3AATOAAC%3E2.0.CO%3B2-E

Art as an Investment: The Market for Modern PrintsJames E. PesandoThe American Economic Review, Vol. 83, No. 5. (Dec., 1993), pp. 1075-1089.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199312%2983%3A5%3C1075%3AAAAITM%3E2.0.CO%3B2-N

Counterspeculation, Auctions, and Competitive Sealed TendersWilliam VickreyThe Journal of Finance, Vol. 16, No. 1. (Mar., 1961), pp. 8-37.Stable URL:

http://links.jstor.org/sici?sici=0022-1082%28196103%2916%3A1%3C8%3ACAACST%3E2.0.CO%3B2-L

http://www.jstor.org

LINKED CITATIONS- Page 3 of 4 -

NOTE: The reference numbering from the original has been maintained in this citation list.

Predatory Bidding in Sequential AuctionsNils-Henrik Morch von der FehrOxford Economic Papers, New Series, Vol. 46, No. 3. (Jul., 1994), pp. 345-356.Stable URL:

http://links.jstor.org/sici?sici=0030-7653%28199407%292%3A46%3A3%3C345%3APBISA%3E2.0.CO%3B2-4

http://www.jstor.org

LINKED CITATIONS- Page 4 of 4 -

NOTE: The reference numbering from the original has been maintained in this citation list.