timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and … incorporates both differential information and the fact that bids placed in timber auctions are multidimensional. The theory …

timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and … incorporates both differential information and the fact that bids placed in timber auctions are multidimensional. The theory …

timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and … incorporates both differential information and the fact that bids placed in timber auctions are multidimensional. The theory …

.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account … for these qualitative effects of auction format. We then calibrate the model using parameters estimated from the data and …