We compare beauty contests with first-price sealed-bid and scoring auctions, using data on public procurement of … higher price sensitivity of procurement bureaucrats in scoring (and first-price) auctions. There is more entry in beauty … contests, by firms favored in them. Reduced entry into the scoring and price only auctions largely explains why the procurement …

empirical example, we use eBay PlayStation 3 auctions held in 2009. We find that the efficiency loss is over $30 for more than 5 …In this paper, we estimate the inefficiency in online auctions. Online auctions can be inefficient due to the Internet …% of online auctions. Furthermore, we also find the probability of the inefficient online auction is more than 0.25 …

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 …

This paper studies federal auctions for wildcat leases on the Outer Continental Shelf from 1959 to 1970. These are … values to test the comparative static prediction in common value auctions that bidders tend to bid less aggressively when …

-independent-private-value auctions with price-proportional benefits to bidders. We estimate a structural econometric model which, by introducing an …