A text that gets a consistently good reaction from students, Industrial Organization:
Competition, Strategy, Policy has a balance of content that is spot-on for courses taught in …

Procurement contracts are often renegotiated because of changes that are required after
their execution. Using highway paving contracts we show that renegotiation imposes …

We develop tests for common values at first-price sealed-bid auctions. Our tests are
nonparametric, require observation only of the bids submitted at each auction, and are …

The field of industrial organization has made dramatic advances over the last few decades
in develo** empirical methods for analyzing imperfect competition and the organization of …

We provide empirical evidence for the existence, magnitude, and economic cost of stigma
associated with banks borrowing from the Federal Reserve's Discount Window (DW) during …

The following Appendix provides additional details about the data and estimation
procedures used in the paper. Tables A1-A3 summarize the bidding behavior of the top 20 …

We introduce and apply a new nonparametric approach to identification and inference on
data from ascending auctions. We exploit variation in the number of bidders across auctions …

The purpose of this study was to design an auction mechanism for use by the Regional
Greenhouse Gas Initiative (RGGI) for selling emission allowances. We conducted a series of …

Bidding has been proposed to replace or complement the administered prices that Medicare
pays to hospitals and health plans. In 2006, the Medicare Advantage program implemented …

Most US government spending on highways and bridges is done through “scaling”
procurement auctions, in which private construction firms submit unit price bids for each …