We focus on the relationship between a player's effort provision and tournament heterogeneity in a setting where players only know the distribution of their opponents' abilities. By isolating whether increases in heterogeneity influence optimal effort provision in cardinal, ordinal, and piece...

The paper uses data from one Conservation Reserve Program (CRP) auction to elicit farmers' attitudes toward the environment by analyzing their bids. The CRP pays farmers to remove chosen plots of land from agricultural production and put them to a conservation use. An interesting aspect of this...

In auctions with endogenous entry, theory predicts that too many potential bidders, or the excess market thickness, may actually decrease the seller's expected revenue and the social welfare generated by the auction. This paper proposes a computationally easy method for estimating the optimal...