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Comparing open and sealed bid auctions : theory and evidence from timber auctions

Athey, Susan; Levin, Jonathan; Seira, Enrique - 2004

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 … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account …

Persistent link: https://www.econbiz.de/10011607074

Set-Asides and Subsidies in Auctions

Athey, Susan; Coey, Dominic; Levin, Jonathan - Stanford Institute for Economic Policy Research … - 2011

policies in an empirical model of U.S. Forest Service timber auctions. The model fits the data well both within the sample of …

Persistent link: https://www.econbiz.de/10009003033

Comparing Open and Sealed Bid Auctions: Theory and Evidence from Timber Auctions

Levin, Jonathan; Athey, Susan; Seira, Enrique - 2004

Persistent link: https://www.econbiz.de/10011325016

Comparing Open and Sealed Bid Auctions: Theory and Evidence from Timber Auctions

Levin, Jonathan; Athey, Susan; Seira, Enrique - Fondazione ENI Enrico Mattei (FEEM) - 2004

Persistent link: https://www.econbiz.de/10005423075

Matching and Price Competition

Levin, Jonathan; Bulow, Jeremy - Econometric Society - 2004

We develop a model in which firms set their salary levels before matching with workers. Wages fall relative to any competitive equilibrium while profits rise almost as much, implying little inefficiency. Furthermore, the best firms gain the most from the system while wages become compressed. We...

Persistent link: https://www.econbiz.de/10005328996