estimate, as published in the auction catalog …

Economists have developed empirically tractable demand systems for fixed price markets. In contrast, empirical auction … techniques treat each auction in isolation, ignoring market interactions. We provide a framework for estimating demand in a large … auction market with a dynamic population of buyers with unit demand and heterogeneous preferences over a finite set of …

Obstfeld and Rogoff (2000) have reinvigorated an old literature on the link between home bias in the goods market and … home bias in the asset market by arguing that trade costs in the goods market can account for the observed portfolio home … the implied home bias are close to zero, casting significant doubt on a meaningful link between home bias in the goods and …

market equilibrium is the Gale-Shapley matching model, not the Koopmans-Beckmann assignment model. These models have …

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 …

The empirical analysis of auction data has become a thriving field of research over the past thirty years. Relying on … research in the field. The chapter is organized by types of goods for sale and covers auctions of timber, construction and …, as well as used goods. It discusses the idiosyncrasies of each applied setting and the respective empirical findings …

they occur. For a given sequence of orders from a continuous electronic limit order book market, matching orders using one …

"per install" basis--plays a major role in the mix and characteristics of auction winners, and, consequently, in their … number of such users. The distortion becomes worse as the auction gets more competitive and the number of bidders increases …

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 …