An Empirical Perspective on Auctions
Abstract
We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical practice, and public policy, and a discussion of outstanding issues. We describe some basic concepts, to highlight some strengths and weaknesses of the literature, and so indicate where further research may be warranted. We discuss identification and estimation issues, with an emphasis on the connection between theory and empirical practice. We also discuss both structural and reduced form empirical approaches.Download Info
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This item is provided by Elsevier in its series Handbook of Industrial Organization with number 3-32.
Handle: RePEc:eee:indchp:3-32
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Related research
Keywords: industrial organization;Find related papers by JEL classification:
- L0 - Industrial Organization - - General
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Andrew Sweeting, 2008. "Equilibrium Price Dynamics in Perishable Goods Markets: The Case of Secondary Markets for Major League Baseball Tickets," NBER Working Papers 14505, National Bureau of Economic Research, Inc.
- Xun Tang, 2008. "Bounds on Revenue Distributions in Counterfactual Auctions with Reserve Prices," PIER Working Paper Archive 08-042, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Shneyerov, Art & Wong, Adam Chi Leung, 2008.
"Identification in First-Price and Dutch Auctions when the Number of Potential Bidders is Unobservable,"
Micro Theory Working Papers
artyom_shneyerov-2008-12, Microeconomics.ca Website, revised 01 Oct 2008.
- Shneyerov, Artyom & Wong, Adam Chi Leung, 2011. "Identification in first-price and Dutch auctions when the number of potential bidders is unobservable," Games and Economic Behavior, Elsevier, vol. 72(2), pages 574-582, June.
- Jonathan B. Hill & Artyom Shneyerov, 2009. "Are There Common Values in BC Timber Sales? A Tail-Index Nonparametric Test," Working Papers 09003, Concordia University, Department of Economics.
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