Research / BFI Working PaperNov 29, 2021

Empirical Perspectives on Auctions

Ali Hortaçsu, Isabelle Perrigne

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.

More Research From These Scholars

BFI Working Paper Nov 23, 2021

Organizational Structure and Pricing: Evidence from a Large U.S. Airline

Ali Hortaçsu, Olivia R. Natan, Hayden Parsley, Timothy Schwieg, Kevin R. Williams
Topics:  Industrial Organization
BFI Working Paper Apr 18, 2019

The Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines

Aaron Flaaen, Ali Hortaçsu, Felix Tintelnot
Topics:  Industrial Organization, Tax & Budget
BFI Working Paper Dec 6, 2021

Incorporating Search and Sales Information in Demand Estimation

Ali Hortaçsu, Olivia R. Natan, Hayden Parsley, Timothy Schwieg, Kevin R. Williams
Topics:  Financial Markets