Chapter 32 An Empirical Perspective on Auctions

Ken Hendricks; Robert H. Porter

doi:10.1016/S1573-448X(06)03032-9

Chapter 32 An Empirical Perspective on Auctions

Ken Hendricks^*, Robert H. Porter

^*Corresponding author for this work

Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter

29 Scopus citations

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.

Original language	English (US)
Title of host publication	Handbook of Industrial Organization
Editors	M. Armstrong, R. Porter
Pages	2073-2143
Number of pages	71
DOIs	https://doi.org/10.1016/S1573-448X(06)03032-9
State	Published - 2007

Publication series

Name	Handbook of Industrial Organization
Volume	3
ISSN (Print)	1573-448X

Keywords

Auctions
Bid rigging
Bidding
Collusion
Estimation
Identification

ASJC Scopus subject areas

Industrial relations
Finance
Economics and Econometrics
Strategy and Management

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KW - Collusion

KW - Estimation

KW - Identification

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Chapter 32 An Empirical Perspective on Auctions

Abstract

Publication series

Keywords

ASJC Scopus subject areas

Access to Document

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