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Replication data for: Affiliation and Entry in First-Price Auctions with Heterogeneous Bidders: An Analysis of Merger Effects

Version
V0
Resource Type
Dataset
Creator
  • Li, Tong
  • Zhang, Bingyu
Publication Date
2015-04-01
Description
  • Abstract

    We study the effects of mergers in timber sale auctions in Oregon. We propose an entry and bidding model within the affiliated private value (APV) framework and with heterogeneous bidders, and establish existence of the entry equilibrium and existence and uniqueness of the bidding equilibrium when the joint distribution of private values belongs to the class of Archimedean copulas. We estimate the resulting structural model, and study merger effects through counterfactual analyses using the structural estimates. We evaluate how merger effects depend on affiliation, entry, and the auction mechanism and find that the seller may benefit from some mergers. (JEL C57, D44, G34, L11, L73)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mic.20110106 (Text)
Publications
  • Li, Tong, and Bingyu Zhang. “Affiliation and Entry in First-Price Auctions with Heterogeneous Bidders: An Analysis of Merger Effects.” American Economic Journal: Microeconomics 7, no. 2 (May 2015): 188–214. https://doi.org/10.1257/mic.20110106.
    • ID: 10.1257/mic.20110106 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Li, Tong; Zhang, Bingyu (2015): Replication data for: Affiliation and Entry in First-Price Auctions with Heterogeneous Bidders: An Analysis of Merger Effects. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114319