. We model endogenous entry and bidding in multi-unit auctions and construct demand curves from realized bids. We find that …

The empirical analysis of auction data has become a thriving field of research over the past thirty years. Relying on … services procurement, oil and gas leases, online auctions, internet advertising, electricity, financial securities, spectrum …

We conduct a laboratory experiment to study a decentralized market where goods are differentiated and evaluations are … performance to the benchmark scenario of a sealed-bid auction. We show that bargaining dramatically improves efficiency, mainly to … through a gradual bidding-up strategy that favors bargaining environments. Aggregate efficiency nonetheless suffers from the …

We study Medicare's competitive bidding program (CBP) for durable medical equipment (DME). We exploit Medicare claims … apnea. We find that spending falls by 47.2% percent after a highly imperfect bidding mechanism is introduced. The effect is …

We study the inner workings of a bidding cartel focusing on the way in which bidders communicate with one another … less attractive as potential defectors face the risk of not winning the auction even if they deviate. We illustrate how our … theoretical predictions are borne out in practice by studying a bidding cartel that operated in the town of Kumatori, Japan …

affects how coalitional bidding impacts auction performance. We study the implications of coalitions of bidders on second …Auctioneers of patents are observed to allow joint bidding by coalitions of buyers. These auctions are distinguished by … stable coalition profiles tend to consist of excessively large coalitions, to the detriment of both auction revenue and …

dishes are judged in a series of elimination rounds, with the twist that action is periodically paused to auction sabotages … against rivals. We estimate the distribution of contestants' prestige values using a structural model of bidding by a …