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 …

A large body of research has explored the importance of auction design and information structure for auction outcomes …. Much less work has considered the importance of the auction process. For example, in many auctions, auctioneers are present … and can impact the process of the auction by varying starting prices, level of price adjustments, the speed of the auction …

passed without a bid. The strategic differences in the auction rules are reflected in the auction data by significantly more … about ending the auction playing an important role …

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

This paper considers the bidding behavior of participants in the daily auction to supply electricity in England and …

Which is the more profitable way to sell a company: a public auction or an optimally structured negotiation with a … smaller number of bidders? We show that under standard assumptions the public auction is always preferable, even if it … at least one extra bidder. An immediate public auction also dominates negotiating while maintaining the right to hold an …

This paper reports on the results of an auction sale of 83 condominium apartment units in New Jersey. At the auction … fetched at auction and the discount was largest for those units hammered down early in the auction. These results are … auction may have been the subject of a "winner's curse" which generated considerable profit for the seller …

bid on most jobs. The apparent role of ring meetings prior to the auction was to designate a serious bidder, and its bid …