Treasuries all over the world sell sovereign bonds through an auction which is typically conducted by the central bank … auction. We find that average bid shading increases substantially during this period leading to a big loss to the exchequer. A … mechanisms − uniform price auction and a fixed price tender. We find that switching the pricing rule to uniform does not reduce …

We estimate demand for personal computer processors using structural estimation of valuations and data from Internet …

This paper proposes tests to empirically examine whether auction prices aggregate information away from the limit …

.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … for these qualitative effects of auction format. We then calibrate the model using parameters estimated from the data and … bidder competitiveness, which has important consequences for auction choice …

cleaning services in Swedish municipalities. The lowest submitted and winning bids are similar in all auction designs despite a …

.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … for these qualitative effects of auction format. We then calibrate the model using parameters estimated from the data and … bidder competitiveness, which has important consequences for auction choice. …

modify the auction rules in allowing the seller to ration strategic bidders in order to ensure small bidders' participation …