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Set-Asides and Subsidies in Auctions

  • Jonathan Levin

    (Stanford University)

  • Susan Athey

    (Harvard University)

Set-asides and subsidies are used extensively in government procurement and natural resource sales. Economic theory is ambiguous on how such policies affect both auction participation and auction prices. We study the use of these policies, targeted at small businesses, in the context of U.S. Forest Service timber auctions. Empirically, the decline in large bidders at set-aside auctions is matched by an increase in smaller bidders, with only slight revenue effects. We then compare the existing set-aside program to a proposed program of small-bidder subsidies. We find that such a change.

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Paper provided by Society for Economic Dynamics in its series 2007 Meeting Papers with number 571.

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Date of creation: 2007
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Handle: RePEc:red:sed007:571
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  1. repec:cup:cbooks:9780521551847 is not listed on IDEAS
  2. Guerre, E. & Perrigne, I. & Vuong, Q., 1995. "Nonparametric Estimation of First-Price Auctions," Papers 9504, Southern California - Department of Economics.
  3. Susan Athey & Jonathan Levin & Enrique Seira, 2004. "Comparing Open and Sealed Bid Auctions: Theory and Evidence from Timber Auctions," Levine's Bibliography 122247000000000524, UCLA Department of Economics.
  4. Susan Athey & Jonathan Levin, 1999. "Information and Competition in U.S. Forest Service Timber Auctions," NBER Working Papers 7185, National Bureau of Economic Research, Inc.
  5. repec:cup:cbooks:9780521536721 is not listed on IDEAS
  6. Marion, Justin, 2007. "Are bid preferences benign? The effect of small business subsidies in highway procurement auctions," Journal of Public Economics, Elsevier, vol. 91(7-8), pages 1591-1624, August.
  7. Athey, S., 1997. "Sigle Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information," Working papers 97-11, Massachusetts Institute of Technology (MIT), Department of Economics.
  8. Matthew Shum, 2000. "Nonparametric Tests for Common Values," Econometric Society World Congress 2000 Contributed Papers 1598, Econometric Society.
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