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 … and auction formats without requiring instruments or estimation of a complex structural model. We demonstrate the approach …

There is a great deal of late bidding on internet second price auctions. We show that this need not result from either … have a fixed end time. A natural experiment is available because the auctions on Amazon, while operating under otherwise … passed without a bid. The strategic differences in the auction rules are reflected in the auction data by significantly more …

data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research …-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …

This paper surveys recent studies of Internet auctions. Four main areas of research are summarized. First, economists …'s curse. Third, we explore research about the role of reputation in online auctions. Finally, we discuss what Internet … auctions have to teach us about auction design …

“per install” basis—plays a major role in the mix and characteristics of auction winners, and, consequently, in their … number of such users. The distortion becomes worse as the auction gets more competitive and the number of bidders increases …

profit of larger firms. We explain these findings by connecting to the theory of optimal auction design …

customer bids, and dealers observing customer bid can predict the auction cutoff price better. Customers also respond …

lowers mean borrowing costs by 9-10%. We estimate a structural auction model to measure markups and to illustrate and …

The transition of the advertising market from traditional media to the internet has induced a proliferation of … efficiency of both the Generalized Second Price auction (GSP, used by Google and Microsoft-Bing and Yahoo!) and the VCG mechanism … auction both in terms of revenues and efficiency …