An Empirical Perspective on Auctions

Ken Hendricks and Robert H. Porter

Chapter 32 in Handbook of Industrial Organization, 2007, vol. 3, pp 2073-2143 from Elsevier

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.

Keywords: industrial; organization (search for similar items in EconPapers)
JEL-codes: L0 (search for similar items in EconPapers)
Date: 2007
ISBN: 0-444-82435-9

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