and auction formats without requiring instruments or estimation of a complex structural model. We demonstrate the approach …We introduce a simple and robust approach to answering two key questions in empirical auction analysis: discriminating … between models of entry and quantifying the revenue gains from improving auction design. The approach builds on Bulow and …

A single unit of a good is to be sold by auction to one of many potential buyers. There are two equally likely states … independent and uniformly bounded below 1 and above 1=2, and nothing more. We demonstrate a modified second price auction that has …