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Roberts, James W. - 2011

A bidding process can be organized so that offers are submitted simultaneously or sequentially. In the latter case, potential buyers can condition their behavior on previous entrants' decisions. The relative performance of these mechanisms is investigated when entry is costly and selective,...

Persistent link: https://www.econbiz.de/10012461033

Information and Competition in U.S. Forest Service Timber Auctions

Athey, Susan - 1999

This paper studies the bidding behavior of firms in U.S. Forest Service timber auctions in 1976--1990. When conducting timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and each bidder additionally has an opportunity to inspect...

Persistent link: https://www.econbiz.de/10012471603

Comparing Open and Sealed Bid Auctions : Evidence from Timber Auctions

Athey, Susan - 2008

We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more small bidders, shift the allocation towards these...

Persistent link: https://www.econbiz.de/10012464059

The Bidder Exclusion Effect

Coey, Dominic - 2014

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 Klemperer (1996), connecting their theoretical results...

Persistent link: https://www.econbiz.de/10012458142

Urban Forests : Environmental Health Values and Risks

Xing, Jianwei; Hu, Zhiren; Xia, Fan; Xu, Jintao; Zou, … - National Bureau of Economic Research - 2023

Forests accompany the cities we build. There are an estimated 5.5 billion urban trees in the United States. Globally, about 25 percent of urban land is covered by tree canopy. This study examines urban forests as a policy tool for air pollution mitigation. We study an afforestation program in...

Persistent link: https://www.econbiz.de/10014337788

Federalism with and without Political Centralization : China versus Russia

Blanchard, Olivier - 2000

In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … behavior of local governments in Russia. First, capture by old firms, leading local governments to protect them from … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …

Persistent link: https://www.econbiz.de/10012471154

U.S. Banks, Crises, and Bailouts : From Mexico to LTCM

Stulz, Rene M. - 2000

This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...

Persistent link: https://www.econbiz.de/10012471245

Identification through Heteroskedasticity : Measuring "Contagion

Rigobon, Roberto - 2000

In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...

Persistent link: https://www.econbiz.de/10012471283

Strategic Trading in a Two-Sided Foreign Exchange Auction

Goldberg, Linda - 1995

The market microstructure chosen for foreign exchange markets can influence trading volumes and equilibrium exchange rates. With emerging markets and developing countries increasingly utilizing two- sided auctions, we show that the choice of the discrete 't

Persistent link: https://www.econbiz.de/10012473692

How Does Privatization Work? Evidence from the Russian Shops

Barberis, Nicholas - 1995

We use a survey of 452 Russian shops, most of which were privatized between 1992 and 1993, to measure the importance of alternative channels through which privatization promotes restructuring. Restructuring is measured as capital renovation, change in suppliers, increase in hours that stores...

Persistent link: https://www.econbiz.de/10012473750

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