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 on this topic

BFI Working Paper·Jun 10, 2024

Spatial Competition, Strategic Entry Responses, and the North Dakota Railroad War of 1905

Chad Syverson
Topics: Industrial Organization
BFI Working Paper·Mar 19, 2024

An Equilibrium Model of Rollover Lotteries

Giovanni Compiani, Lorenzo Magnolfi and Lones Smith
Topics: Industrial Organization, Tax & Budget
BFI Working Paper·Feb 22, 2024

Optimal Urban Transportation Policy: Evidence from Chicago

Milena Almagro, Felipe Barbieri, Juan Camilo Castillo, Nathaniel Hickok and Tobias Salz
Topics: Industrial Organization