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

.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. …

potential consumer must wait until the auction is held to buy the good. Consequently, auctions result in false trading', where … buyers sometimes pass up other valuable opportunities while waiting for the auction to occur or instead make undesired …

to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent … sold, a Demsetz auction is best. Moreover, a planner who wants to maximize social surplus also prefers a Demsetz auction. …

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

to 6 percent greater maximum bid for charity items, depending on the fraction of auction proceeds that is donated to …

We analyze a new auction format in which bidders pay a fee each time they increase the auction price. Bidding fees are … predicts a particular distribution of ending prices, which we test against observed auction data. Our model fits the data well …

. A novel aspect of our analysis is that we compare the estimates based on auction, retail, and wholesale prices. Although … auction prices are based on actual transactions, they provide a thick market only for high quality, expensive wines and may …