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Title:An empirical perspective on auctions PDF Logo
Authors:Hendricks, Ken
Porter, Robert H.
Issue Date:2006
Series/Report no.:CSIO working paper 0078
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.
Subjects:Auctions
bidding
identification
estimation
collusion
bid rigging
Document Type:Working Paper
Appears in Collections:CSIO Electronic Working Papers, Northwestern University

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