英国拍卖中的底价和竞买人的参与——以挪威大西洋鳕鱼为例

IF 2 3区经济学 Q2 ECONOMICS

Marine Resource Economics Pub Date : 2023-05-17 DOI:10.1086/725003

Dengjun Zhang, Geir Sogn-Grundvåg

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引用次数: 0

摘要

本研究调查了保留价格对挪威主要冷冻大西洋鳕鱼拍卖市场投标人参与度的影响。从理论上讲，底价与投标人参与度之间存在负相关关系。然而，我们的实证结果表明，储备价格实际上对投标人的参与没有负面影响。考虑到买家真实估价的模拟练习也表明，底价对两个或两个以上参与竞标的可能性的影响可以忽略不计。在吸引竞拍者参加拍卖时，其他因素更为重要。最值得注意的是，延绳钓捕获的鳕鱼意味着优质鱼类，使两个或两个以上竞标者的概率提高了11.8%。拍卖商应关注鱼类质量的信息透明度，以吸引参与者，从而提高拍卖市场的效率。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Reserve Prices and Bidder Participation in an English Auction: The Case of Atlantic Cod in Norway

This study investigates the impact of reserve prices on bidder participation in the main Norwegian auction market for frozen Atlantic cod. Theoretically, there is a negative relationship between reserve prices and bidder participation. However, our empirical findings show that the reserve price actually has no negative influence on bidder participation. A simulation exercise taking buyers’ true valuations into account also shows a negligible effect of reserve prices on the probability of two or more participating bidders. Other factors are more important in attracting bidders to the auction. Most notably, cod caught by longline, which implies fish of high quality, enhances the probability of two or more bidders by 11.8%. Auctioneers should focus on information transparency regarding fish quality to attract participants and hence improve the efficiency of auction markets.

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来源期刊

Marine Resource Economics 农林科学-渔业

CiteScore

4.30

自引率

10.30%

发文量

审稿时长

>12 weeks

期刊介绍： Marine Resource Economics (MRE) publishes creative and scholarly economic analyses of a range of issues related to natural resource use in the global marine environment. The scope of the journal includes conceptual and empirical investigations aimed at addressing real-world oceans and coastal policy problems. Examples include studies of fisheries, aquaculture, seafood marketing and trade, marine biodiversity, marine and coastal recreation, marine pollution, offshore oil and gas, seabed mining, renewable ocean energy sources, marine transportation, coastal land use and climate adaptation, and management of estuaries and watersheds.