Economists have developed empirically tractable demand systems for fixed price markets. In contrast, empirical auction techniques treat each auction in isolation, ignoring market interactions. We provide a framework for estimating demand in a large auction market with a dynamic population of...

Economists have developed a range of empirically tractable demand systems for fixed price markets. But auction mechanisms also play an important part in allocating goods, and yet existing empirical auction techniques treat each auction in isolation, obscuring market interactions. Here we provide...

Economists have developed a range of empirically tractable demand systems for fixed price markets. But auction mechanisms also play an important part in allocating goods, and yet existing empirical auction techniques treat each auction in isolation, obscuring market interactions. Here we provide...

We develop a demand system for a dynamic auction market with directed search. In each period, heterogeneous goods are exogenously supplied and sold by second price auction, and incumbent bidders choose which good to bid on and how much to bid. Bidder valuations are multidimensional, private and...

The positive correlation between average establishment-level productivity and measures of competitiveness is oft-observed but still controversial, despite its implications for competition policy and its centrality in the debate over the origins of the productivity effect of trade liberalization....