Economists have developed empirically tractable demand systems for fixed price markets. In contrast, empirical auction … techniques treat each auction in isolation, ignoring market interactions. We provide a framework for estimating demand in a large … auction market with a dynamic population of buyers with unit demand and heterogeneous preferences over a finite set of …

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 … about ending the auction playing an important role …

“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 …

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 …

abandoned them. The common explanations given for the lack of popularity of the auction method in the US, viz., issuer …

.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 …