, sequential auction environment and estimating the model with detailed data from eBay. Bidders in the model discount their bids to …

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 …

incomplete bid data typically available to the auction designer in online auctions for advertising or e-commerce. This direct … auction observations needed in order for revenue under the estimated reserve price to approximate revenue under the optimal … reserve arbitrarily closely. This simple approach to estimating reserves may be particularly useful for auction design in Big …

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 …

asymmetry, the auction can be inefficient. Based on the estimates of costs, we quantify efficiency losses …This paper proposes an estimation method for a repeated auction game under the presence of capacity contraints. The …

education has productive efficiency and allocative efficiency effects. I then modify these frameworks to allow for the …

-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 … 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 …