We document a somewhat surprising regularity: of the many countries that have used IPO auctions, virtually all have … evidence. We examine why auctions have failed and verify, to the extent possible, that they are consistent with what academic … theory predicts. Both uniform price and discriminatory auctions are plagued by unexpectedly large fluctuations in the number …

We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more …

The Federal Communications Commission (FCC) has used auctions to award spectrum since 1994. During this time period …, the FCC has experimented with a variety of auctions rules including click box bidding and anonymous bidding. These rule … this proposition using data from 4 auctions: the PCS C Block, Auction 35, the Advanced Wireless Service auction and the 700 …

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 …

and bidders' willingness to pay. We develop and apply an empirical approach for first-price sealed bid auctions with ….S. offshore oil and gas lease auctions. We find that ignoring unobserved heterogeneity in the empirical model obscures the …

incomplete bid data typically available to the auction designer in online auctions for advertising or e-commerce. This direct … Data settings, where traditional empirical auctions methods may be costly to implement. We illustrate the approach with e …

We study the interaction between tax advantages for municipal bonds and the market structure of auctions for these … use the model to analyze a recent non-tax regulation that affects entry into municipal bond auctions …