have a fixed end time. A natural experiment is available because the auctions on Amazon, while operating under otherwise …There is a great deal of late bidding on internet second price auctions. We show that this need not result from either … private value auctions. The reason is that very late bids have a positive probability of not being successfully submitted, and …

Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their … show that a seemingly minor detail in the design of these auctions--whether they are conducted on a "per appearance" or a … "per install" basis--plays a major role in the mix and characteristics of auction winners, and, consequently, in their …

this paper, we explore the economics of rare goods using auctions of limited-edition shoes held by an e-commerce platform …. We model endogenous entry and bidding in multi-unit auctions and construct demand curves from realized bids. We find that …

timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …This paper studies the bidding behavior of firms in U.S. Forest Service timber auctions in 1976--1990. When conducting … incorporates both differential information and the fact that bids placed in timber auctions are multidimensional. The theory …

The empirical analysis of auction data has become a thriving field of research over the past thirty years. Relying on … research in the field. The chapter is organized by types of goods for sale and covers auctions of timber, construction and … services procurement, oil and gas leases, online auctions, internet advertising, electricity, financial securities, spectrum …

I show that frequent batch auctions for stocks have the potential to reduce the severity of stock price crashes when … second apart batch auctions results in nearly the same trades and prices. Increasing the time interval between auctions to … the literature, frequent batch auctions have not caught on. There is a need for carefully designed market experiments to …

We analyze a new auction format in which bidders pay a fee each time they increase the auction price. Bidding fees are … the primary source of revenue for the seller, but produce the same expected revenue as standard auctions. Our model … predicts a particular distribution of ending prices, which we test against observed auction data. Our model fits the data well …

We describe factors that make bidding in large spectrum auctions complex -- including exposure and budget problems, the … role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game … auction, in which a new entrant, SpectrumCo, faced all these problems yet managed to purchase nationwide coverage at a …

.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more …We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U … value auction model with endogenous participation can account for these qualitative effects of auction format. We estimate …

this proposition using data from 4 auctions: the PCS C Block, Auction 35, the Advanced Wireless Service auction and the 700 … Mhz auction. We examine the frequency of jump bids, retaliatory bids and straightforward bids across these auctions. While …The Federal Communications Commission (FCC) has used auctions to award spectrum since 1994. During this time period …