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Information and Competition in U.S. Forest Service Timber Auctions
Service Timber Auctions Information and Competition
2015/7/21
This paper analyzes the role of private information in U.S. Forest
Service timber auctions. In these auctions, firms bid a per unit price
for each timber species. Total bids are computed by mu...
COMPARING OPEN AND SEALED BID AUCTIONS: EVIDENCE FROM TIMBER AUCTIONS
SEALED BID AUCTIONS TIMBER AUCTIONS
2015/7/21
A private value
auction model with endogenous participation can account for these qualitative
effects of auction format. We estimate the model’s parameters and show that
it can explain the quantita...