We propose a framework for estimation of spillovers between funding costs of individual banks. The estimation proceeds … in three steps: First, using data from liquidity auctions of the European Central Bank, we estimate the funding costs in … a given week for each individual bank. In the second step, we apply the adaptive elastic net (a LASSO type estimator) to …

dynamic network connectedness using rolling-window estimation. Statically, we find that global bank equity connectedness has a … the world's top 150 banks, 2003-2014. We characterize static network connectedness using full-sample estimation and … Debt Crisis, and with movements coming mostly from changes in cross-country as opposed to within-country bank linkages …

policies. From the estimation exercise, we find that a more extensive implementation of macroprudential policies would lead PHs …

timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and …

.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 …

This paper proposes an estimation method for a repeated auction game under the presence of capacity contraints. The … estimation strategy is computationally simple as it does not require solving for the equilibrium of the game. It uses a two stage … estimation method to repeated highway construction procurement auctions in the state of California between May 1996 and May 1999 …

and auction formats without requiring instruments or estimation of a complex structural model. We demonstrate the approach …We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating … between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and …