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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 …
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Using data on all FCC auctions of spectrum related to cellular services from 1997 to 2015 we attempt to identify … intrinsic spectrum values from winning auction bids. Our analysis includes 15 auctions and close to 7,200 observations. We add …
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Individuals frequently face intertemporal decisions. For the purposes of economic analysis, the preference parameters assumed to govern these decisions are generally considered to be stable economic primitives. However, evidence on the stability of time preferences is notably lacking. In a large...
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