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Empirical Perspectives on Auctions

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Listed:
  • Ali Hortaçsu
  • Isabelle Perrigne

Abstract

The empirical analysis of auction data has become a thriving field of research over the past thirty years. Relying on sophisticated models and advanced econometric methods, it addresses a wide range of policy questions for both public and private institutions. This chapter offers a guide to the literature by stressing how data features and policy questions have shaped research in the field. The chapter is organized by types of goods for sale and covers auctions of timber, construction and services procurement, oil and gas leases, online auctions, internet advertising, electricity, financial securities, spectrum, as well as used goods. It discusses the idiosyncrasies of each applied setting and the respective empirical findings.

Suggested Citation

  • Ali Hortaçsu & Isabelle Perrigne, 2021. "Empirical Perspectives on Auctions," NBER Working Papers 29511, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:29511
    Note: IO
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    More about this item

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L73 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Forest Products
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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