In a number of observed procurements, the buyer has employed an auction format that allows for a split-award outcome … examine the price performance and efficiency properties of split-award auctions under asymmetric information. In equilibrium …, however, occur too often from an efficiency viewpoint. Equilibrium bids involve pooling at a common price for the split award …

vehicle characteristics to present RD estimates of reserve price effects on auction outcomes. Our first set of results show … that, in line with the robust predictions of auction theory, an increase in reserve price decreases the number of bidders … price than those of the average bidder, suggesting auction winners are not the marginal entrant. -- auctions ; regression …

price presentation on auction revenues …

We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical …

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

This online appendix contains the plots and supplemental descriptions for "Are Estimates of Asymmetric First-Price … Auctions Credible? Semi- & Nonparametric Analyses."The paper "Are Estimates of Asymmetric First-Price Auctions Credible? Semi …