| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14590 |
| 来源ID | Working Paper 14590 |
| Comparing Open and Sealed Bid Auctions: Evidence from Timber Auctions | |
| Susan Athey; Jonathan Levin; Enrique Seira | |
| 发表日期 | 2008-12-18 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more small bidders, shift the allocation towards these bidders, and can also generate higher revenue. We show that a private value auction model with endogenous participation can account for these qualitative effects of auction format. We estimate the model's parameters and show that it can explain the quantitative effects as well. Finally, we use the model to provide an assessment of bidder competitiveness, which has important consequences for auction choice. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Economics of Information ; Industrial Organization ; Market Structure and Firm Performance ; Antitrust |
| URL | https://www.nber.org/papers/w14590 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572263 |
| 推荐引用方式 GB/T 7714 | Susan Athey,Jonathan Levin,Enrique Seira. Comparing Open and Sealed Bid Auctions: Evidence from Timber Auctions. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14590.pdf（384KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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