This paper studies sequential auctions of licences to participate in a symmetric market game. Assuming that the rate at …

We develop tests for common values at first-price sealed-bid auctions. Our tests are nonparametric, require observation … values auctions. The tests build on recently developed methods for using observed bids to estimate each bidder's conditional … different types of U.S. Forest Service timber auctions. For unit-price ("scaled") sales often argued to fit a private values …

This paper considers how a publisher should set reserve prices for real-time bidding (RTB) auctions when selling …

Many important economic questions arising in auctions can be answered only with knowledge of the underlying primitive …

We analyze the evolution of the price of paintings in London auctions with a unique dataset of over 200,000 sales in … the characteristics of auctions and paintings and for the artists' fixed effects. The emergence of an efficient secondary …