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 … and auction formats without requiring instruments or estimation of a complex structural model. We demonstrate the approach …

We describe factors that make bidding in large spectrum auctions complex -- including exposure and budget problems, the … role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game … auction, in which a new entrant, SpectrumCo, faced all these problems yet managed to purchase nationwide coverage at a …

-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …

preserving consumer choice among firms. We study the role of procurement auctions--leading to sole provision by the winning firm …--as an alternative market design. Relative to regulated competition, auctions affect product variety, quality, markups, and … in the US. We find that procurement auctions would increase consumer welfare in most markets, mainly by limiting …

Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their … show that a seemingly minor detail in the design of these auctions--whether they are conducted on a "per appearance" or a … "per install" basis--plays a major role in the mix and characteristics of auction winners, and, consequently, in their …

-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field … data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research …

This paper compares outcomes from informally negotiated oil and gas leases to those awarded via centralized auction. We … different mineral allocation mechanisms. We show that during the fracking boom, which began unexpectedly decades later …

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 …

We document a somewhat surprising regularity: of the many countries that have used IPO auctions, virtually all have … abandoned them. The common explanations given for the lack of popularity of the auction method in the US, viz., issuer … evidence. We examine why auctions have failed and verify, to the extent possible, that they are consistent with what academic …

Many important economic questions arising in auctions can be answered only with knowledge of the underlying primitive … exploiting restrictions from economic theory as part of the econometric model used to interpret auction data. We review some …