Download or read book Discussion Paper 91 19 Empirical Models of Auctions and an Application to British Columbia Timber Sales written by University of British Columbia. Department of Economics and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Introduction to the Structural Econometrics of Auction Data written by Harry J. Paarsch and published by MIT Press. This book was released on 2006 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accompanying CD-ROM contains data and sample computer code for empirical problems.
Download or read book Auctions written by Paul Klemperer and published by Princeton University Press. This book was released on 2018-06-05 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments use them to sell everything from oilfields to pollution permits, and to privatize companies; consumers rely on them to buy baseball tickets and hotel rooms, and economic theorists employ them to explain booms and busts. Auctions make up many of the world's most important markets; and this book describes how auction theory has also become an invaluable tool for understanding economics. Auctions: Theory and Practice provides a non-technical introduction to auction theory, and emphasises its practical application. Although there are many extremely successful auction markets, there have also been some notable fiascos, and Klemperer provides many examples. He discusses the successes and failures of the one-hundred-billion dollar "third-generation" mobile-phone license auctions; he, jointly with Ken Binmore, designed the first of these. Klemperer also demonstrates the surprising power of auction theory to explain seemingly unconnected issues such as the intensity of different forms of industrial competition, the costs of litigation, and even stock trading 'frenzies' and financial crashes. Engagingly written, the book makes the subject exciting not only to economics students but to anyone interested in auctions and their role in economics.
Download or read book Journal of Econometrics written by and published by . This book was released on 1997 with total page 868 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Empirical Models of Auctions and an Application to British Columbian Timber Sales written by Harry J. Paarsch and published by London, Ont. : Department of Economics, University of Western Ontario. This book was released on 1991 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book USC Economics Arthur Andersen Working Paper Series written by and published by . This book was released on 1992 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Empirical Models of Auctions Within the Independent Private Values Paradigm and an Application to British Columbian Timber Sales written by Harry J. Paarsch and published by . This book was released on 1989 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Empirical models of auctions and an application to British Columbia timber sales written by Harry J. Paarsch and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Annales d conomie et de statistique written by and published by . This book was released on 1994 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bibliographie der Staats und Wirtschaftswissenschaften written by and published by . This book was released on 1992 with total page 976 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Biblio List Updates in Print written by and published by . This book was released on 1992-04 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bibliographie der Wirtschaftswissenschaften written by and published by . This book was released on 1992 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Empirical Investigation of Auctions of Incentive Contracts written by Harry J. Paarsch and published by Forest Economics and Policy Analysis Research Unit, University of British Columbia. This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Discussion Paper written by and published by . This book was released on 1989 with total page 962 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Detecting Collusion in Timber Auctions written by and published by World Bank Publications. This book was released on 2006 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Romania was one of the first transition countries in Europe to introduce auctions for allocating standing timber (stumpage) in public forests. In comparison with the former system in the country-administrative allocation at set prices-timber auctions offer several potential advantages: greater revenue generation for the government, a higher probability that tracts will be allocated to the firms that value them most highly, and stronger incentives for technological change within industry and efficiency gains in the public sector. Competition is the key to realizing these advantages. Unfortunately, collusion among bidders often limits competition in timber auctions, including in well-established market economies such as the United States. The result is that tracts sell below their fair market value, which undermines the advantages of auctions. This paper examines the Romanian auction system, with a focus on the use of econometric methods to detect collusion. It begins by describing the historical development of the system and the principal steps in the auction process. It then discusses the qualitative impacts of various economic and institutional factors, including collusion, on winning bids in different regions of the country. This discussion draws on information from a combination of sources, including unstructured interviews conducted with government officials and company representatives during 2003. Next, the paper summarizes key findings from the broader research literature on auctions, with an emphasis on empirical studies that have developed econometric methods for detecting collusion. It then presents an application of such methods to timber auction data from two forest directorates in Romania, Neamt and Suceava. This application confirms that data from Romanian timber auctions can be used to determine the likelihood of collusion, and it suggests that collusion reduced winning bids in Suceava in 2002 and perhaps also in Neamt. The paper concludes with a discussion of actions that the government can take to reduce the incidence of collusion and minimize its impact on auction outcomes.
Download or read book An Empirical Examination of British Columbian Timber Sales written by Harry J. Paarsch and published by Forest Economics and Policy Analysis Research Unit, University of British Columbia. This book was released on 1989 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
