policies in an empirical model of U.S. Forest Service timber auctions. The model fits the data well both within the sample of …-asides. Our estimates suggest that restricting entry to small businesses substantially reduces efficiency and revenue, although it … small bidder profit, while eliminating almost all of the efficiency loss of set-asides, and only slightly decreasing the …

? Utilizing a detailed data set on Government of Canada securities auctions, we argue that the answer is yes. Direct participation … in these auctions is limited to government securities dealers. However, non-dealer customers can also submit bids through …

We study the interaction between tax advantages for municipal bonds and the market structure of auctions for these … municipal borrowing costs. We use the estimated model to evaluate the efficiency of Obama and Trump administration policies that … use the model to analyze a recent non-tax regulation that affects entry into municipal bond auctions …

We analyze bidding data from uniform price auctions of U.S. Treasury bills and notes between July 2009-October 2013 … the sample period along with efficiency losses around 2 basis points …

marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive … 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 …

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 …