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 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 …

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 …

In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … are automatically extended if a bid is submitted very late, as in auctions conducted on Amazon. We propose a model of …

To estimate demand for labor, we use a combination of detailed employment data and the outcomes of procurement auctions …,000 auctions in Austria in the time period 2006 until 2009. Our main results show that the winning firm significantly increases …