reserve prices in ascending auctions. The field experiments were performed with a large online used automobile seller. In … addition to providing a check on the results of the field experiment, we use laboratory experiments to implement an important … treatment that we could not use in our field experiments.We find no evidence in the field or in the lab of an effect of reserve …

that may be present. We develop a test of equilibrium bidding in a common values model that is implemented using data on … values to test the comparative static prediction in common value auctions that bidders tend to bid less aggressively when …

In this paper we propose a two-step semiparametric procedure to estimate first-price auction models. In the first … accommodate multiple auction covariates. Monte Carlo exercises show that the estimator performs well both in estimating the value …

We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical …

.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 …

We extend Wilson (1979) share auction framework to model the uniform-price US Treasury auction as a two-stage multiple … its bidding behavior in handling the risk of being short-squeezed or face the winner curse in the post-auction market …