This mini-course will review current methods in the empirical study of auction data, with a focus on it’s application to questions of coordinated bidding behavior (bidding rings, cartels and collusion). The first session will discuss empirical methods focusing on recent structural econometric tools. The second and third sessions will examine the application of these tools to the study of collusive bidding. The underlying focus will be on frameworks for understanding where open questions lie and ways to address them. Questions of cartel detection and damage assessment, being intertwined with this objective, will also be addressed.
This involves two things: giving a sense of the technical side of the empirical auction literature, and giving a sense of the literature on collusion in auctions, from an empirical perspective. Inevitably this will mean that I leave a lot of stuff out. But what I hope to do is give you enough to be an thematically informed and critical reader of the literature. The structure of these lectures will be as follows:
This mini-course will review current methods in the empirical study of auction data, with a focus on it’s application to questions of coordinated bidding behavior (bidding rings, cartels and collusion). The first session will discuss empirical methods focusing on recent structural econometric tools. The second and third sessions will examine the application of these tools to the study of collusive bidding. The underlying focus will be on frameworks for understanding where open questions lie and ways to address them. Questions of cartel detection and damage assessment, being intertwined with this objective, will also be addressed.This involves two things: giving a sense of the technical side of the empirical auction literature, and giving a sense of the literature on collusion in auctions, from an empirical perspective. Inevitably this will mean that I leave a lot of stuff out. But what I hope to do is give you enough to be an thematically informed and critical reader of the literature. The structure of these lectures will be as follows:
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