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 an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …

model is inspired by methods from the empirical auctions literature and allow us to separately identify the roles of school …

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary … behavior (i.e., weakly dominated bids). -- Hormones ; Testosterone ; Estradiol ; Progesterone ; Cortisol ; Steroids ; Auctions …