An oil lease auction is the classic example motivating a common values model. However, formal testing for common values … has been hindered by unobserved auction-level heterogeneity, which is likely to affect both participation in an auction …

the auction separates allocation and pricing, so that bidders are asked to make decisions that cannot possibly affect …The combinatorial clock auction is becoming increasingly popular for large-scale spectrum awards and other uses …, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide …

-block auction. We base our estimation of bidder values on a pairwise stability condition, which implies that two bidders cannot … approximately satisfied in data that we examine from economic experiments. The lack of post-auction resale also suggests pairwise …

We explore the implications of ownership concentration for the recently-concluded incentive auction that re …. We show that in the reverse auction, in which TV stations bid to relinquish their licenses, multi-license owners have an …

lowers mean borrowing costs by 9-10%. We estimate a structural auction model to measure markups and to illustrate and …