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 …

control drugs. Our analysis highlights (i) the difficulty of establishing a suitable control group when collusion is pervasive … collusion on prices. Our most conservative estimates suggest that collusion led to price increases of between 0% and 166% for …

. However, there is little consensus as to whether pricing collusion is also a source of profitability, and indeed, whether … perfect collusion among firms could achieve. Firms are estimated to cooperate on price to the extent that margins are 2 …

This paper analyzes entry deterrence strategies at sequential multi-unit Englishtype repeated auctions, motivated by … entry deterrence observed at a series of yearly auctions of fishing rights occurring since the early 1990s in the Chilean … sale affect the possibilities of incumbent firms for deterring the entry of new rivals. -- collusion ; entry deterrence …