We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical … strengths and weaknesses of the literature, and so indicate where further research may be warranted. We discuss identification …

This chapter discusses structural econometric approaches to auctions. Remarkably, much of what can be learned from … auction data can be learned without restrictions beyond those derived from the relevant economic model. This enables us to … take a nonparametric perspective in discussing how the structure of auction models can be combined with observables to …

formal and informal rules of the auction trade for real estate and argues that 19 th century real estate auctions did not …In the 19 th century, auctions became a widespread form of transaction for real estate in England. Contemporaries … interests that played a deci- sive role in the establishment of the auction mechanism. The article provides an analysis of the …

We auction scarce rights to play the Proposer and Responder positions in ultimatum games. As a control treatment, we … randomly allocate these rights and charge exogenous participation fees. These participation fee sequences match the auction … price sequence from a session of the original treatment. With endogenous selection via auctions, we find that play converges …