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timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10012471603
and auction formats without requiring instruments or estimation of a complex structural model. We demonstrate the approach …We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating … between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and …
Persistent link: https://www.econbiz.de/10013046604
timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10013246494
.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … value auction model with endogenous participation can account for these qualitative effects of auction format. We estimate … an assessment of bidder competitiveness, which has important consequences for auction choice …
Persistent link: https://www.econbiz.de/10012464059
and auction formats without requiring instruments or estimation of a complex structural model. We demonstrate the approach …We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating … between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and …
Persistent link: https://www.econbiz.de/10012458142
timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …
Persistent link: https://www.econbiz.de/10014038312
.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … for these qualitative effects of auction format. We then calibrate the model using parameters estimated from the data and … bidder competitiveness, which has important consequences for auction choice …
Persistent link: https://www.econbiz.de/10014028639