Empirical Perspectives on Auctions

116 Pages Posted: 30 Nov 2021

See all articles by Ali Hortaçsu

Ali Hortaçsu

University of Chicago; National Bureau of Economic Research (NBER)

Isabelle Perrigne

Rice University

Multiple version iconThere are 2 versions of this paper

Date Written: November 29, 2021

Abstract

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.

JEL Classification: G2,L11,L4,L71,L73,L74,L86,L94,L96

Suggested Citation

Hortaçsu, Ali and Perrigne, Isabelle, Empirical Perspectives on Auctions (November 29, 2021). University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-142, Available at SSRN: https://ssrn.com/abstract=3973956 or http://dx.doi.org/10.2139/ssrn.3973956

Ali Hortaçsu (Contact Author)

University of Chicago ( email )

1101 East 58th Street
Chicago, IL 60637
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Isabelle Perrigne

Rice University ( email )

6100 South Main Street
Houston, TX 77005-1892
United States

HOME PAGE: http://https://economics.rice.edu/faculty/isabelle-perrigne

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