Program

Below is the conference program.  All times are listed in Eastern Time (ET) and all sessions will be held in Diamond 122 at Colby College.  Presentations will also be streamed remotely here.

Wednesday/June 7

8:00 - 9:00

Breakfast in Diamond 122

9:00 - 9:30

Peter Newberry presents "Pennies from Heaven? Costly versus Free Bids in Penny Auctions", joint work with Pranav Jindal, Tony Kwasnica and Chris Parker

Discussant: Peter Matthews

9:30 - 10:00

Alina Arefeva presents "Housing Markets: Auctions, Microstructure Noise, and Weekly Pattens"

Discussant: Karl Schurter

10:00 - 10:30

Ben Rosa presents "Winner's Curse and Entry in Highway Procurement", joint work with Dakshina De Silva

Discussant: Gagan Ghosh

10:30 - 11:00

Break

11:00 - 11:30

Eric Richert presents "Indirect Inference Techniques as an Alternative to Direct Computation of Equilibrium Bid Distributions"

Discussant: Harry Paarsch

11:30 - 12:00

Karl Schurter presents "Estimation of Auction Models with Shape Restrictions", joint work with Joris Pinkse

Discussant: Gaurab Aryal

12:00 - 12:30

Matt Gentry presents "Pre-Qualification, Firm Dynamics, and Industry Evolution in a Procurement Auction Market", joint work with Dakshina De Silva and Pasquale Schiraldi

Discussant: Peter Newberry

12:30 - 1:30

Lunch outside at Colby

1:30 - 2:00

Gagan Ghosh presents "Ambiguity Aversion and the Declining Price Anomaly: Theory and Estimation", joint work with Daniel Bougt and Heng Liu

Discussant: Hari Govindan

2:00 - 2:30

Dan LaFave presents "Price Differentials and Skin Tone in Digital Art", joint work with Tim Hubbard

Discussant: Jeff Carpenter

2:30 - 3:00

Katy Graddy presents "Measuring the Evening Premium in Art Auctions", joint work with Jianping Mei and Michael Moses

Discussant: Dakshina De Silva

3:00 - 4:00

Break at the Colby College Museum of Art

4:00 - 4:30

Nayul Kim presents "Bid Preference Programs and Competition: Evidence from Ohio Rock Salt Procurement", joint work with Matthew Weinberg

Discussant: Ben Rosa

4:30 - 5:00

Jun Zhao presents "Efficacy of a Bidder Training Program in Procurement Auctions with Selection and Entry: A Structural Analysis", joint work with Dakshina De Silva and Tong Li

Discussant: Nayul Kim

5:00 - 5:30

Pallavi Pal presents "Nonparametric Estimation of Sponsored Search Auctions and Impacts of Ad Quality on Search Revenue", joint work with Dongwoo Kim

Discussant: Robert Press

6:30

Dinner at 18 Below

Thursday/June 8

8:00 - 9:00

Breakfast in Diamond 122

9:00 - 9:30

Jeff Carpenter presents "Auctions for Risk-Averse Charities", joint work with Josh Foster and Peter Matthews

Discussant: Daniel Nedelescu

9:30 - 10:00

Dakshina De Silva presents "Financing Climate Change Mitigation Projects: Cost and Environmental Performance of Government Green Bonds", joint work with Klenio Barbosa, Ali Hortaçsu, Anita Schiller and Liyu Yang

Discussant: Alina Arefeva

10:00 - 10:30

Robert Press presents "Subcontractor Networks and Affiliated Private Costs: Evidence from Oklahoma Bridge Contracts"

Discussant: Eric Lewis

10:30 - 11:00

Break

11:00 - 11:30

Juan Ortner presents "The Value of Privacy in Cartels: An Analysis of the Inner Workings of a Bidding Ring", joint work with Kei Kawai and Jun Nakabayashi

Discussant: Michelle Chen

11:30 - 12:00

Michelle Chen presents "Corruption in Procurement Auctions: Evidence from Collusion between Officers and Firms"

Discussant: Juan Ortner

12:00 - 12:30

Lei He presents "Subcontracting Networks, Competition and Firm Participation in Public Procurement", joint work with Georgia Kosmopoulou, Xueqi Zhou and Nancy Alexander

Discussant: Katy Graddy

12:30 - 1:30

Lunch outside at Colby

1:30 - 2:00

Elena Krasnokutskaya presents "Restructuring Subcontracting in Procurement Markets", joint work with Tatiana Komarova

Discussant: Jun Zhao

2:00 - 2:30

Gaurab Aryal presents "Auctioning Annuities", joint work with Eduardo Fajnzylber, Flor Gabrielli and Manuel Willington

Discussant: Eric Richert

2:30 - 3:00

Heng Liu presents "Identification of Interdependent Values in Sequential First-Price Auctions", joint work with Daniel Bougt and Gagan Ghosh

Discussant: Elena Krasnokutskaya

3:00 - 4:00

Break and activity

4:00 - 4:30

Hari Govindan presents "Strategic Foundations of Efficient Rational Expectations", joint work with Paulo Barelli and Robert Wilson

Discussant: Heng Liu

4:30 - 5:00

Harry Paarsch presents "Explaining Early Bidding in Informationally-Restricted Ascending-Bid Auctions", joint work with Sung-Jin Cho and John Rust

Discussant: Matt Gentry

6:30

Dinner at Front & Main

Program committee and organizers: Tim Hubbard, Myongjin Kim, Georgia Kosmopoulou, Daniel Nedelescu

Presenters and Discussants:

Alina Arefeva (University of Wisconsin–Madison)

Gaurab Aryal (Washington University in St. Louis)

Jeff Carpenter (Middlebury College)

Michelle Chen (University of California, Berkeley)

Dakshina De Silva (Lancaster University, UK)

Matt Gentry (Florida State University)

Gagan Ghosh (California State University Fullerton)

Hari Govindan (University of Rochester)

Katy Graddy (Brandeis University)

Lei He (Moravian University)

Nayul Kim (Ohio State University)

Elena Krasnokutskaya (Johns Hopkins University)

Dan LaFave (Colby College)

Eric Lewis (Texas A&M University)

Heng Liu (University of Michigan)

Peter Matthews (Middlebury College)

Peter Newberry (University of Georgia)

Juan Ortner (Boston University)

Pallavi Pal (Stevens Institute of Technology)

Harry Paarsch (University of Central Florida)

Robert Press (Georgetown University)

Eric Richert (Princeton University/University of Chicago)

Ben Rosa (University of Kentucky)

Karl Schurter (Penn State University)

Jun Zhao (York University)

Dates & Details

Submission deadline: April 24

Submission decision: May 1

Program announcement: May 8

Registration: Registration form (all attendees should complete by May 22)

Conference dates: June 7 & 8 (welcome dinner on June 6)

Location: Colby College's Diamond Building (room 122)

Accommodations: Lockwood Hotel

A shuttle will bring participants from the hotel to Colby's campus each day.  The shuttle will run continuously 7:30 - 9:30 as well as 4:30 - 6:30 and can be picked up on the Front Street entrance to the hotel under the porte cochere.  If a ride is needed outside of these designated times, please visit the front desk of the hotel to request a ride or call 207-859-4000 to speak with the Colby shuttle team directly.

Call for Papers

A Conference on Auctions, Firm Behavior, and Policy will be held June 7 and 8, 2023, in-person at Colby College in Waterville, Maine. We are particularly interested in applied research using different methodologies (structural econometrics, reduced-form approaches, experiments, applied theory). If you are interested in presenting your research, participating in some capacity, or if you have questions, please email auctionsconference@gmail.com. Researchers hoping to present their work should attach their paper as a PDF and send an email by April 24. Young scholars are especially encouraged to submit their work for consideration.

This conference is sponsored by the National Science Foundation (NSF). Funds are available to provide accommodations and subsidize travel expenses for presenters, with special effort to support the attendance of presenters without their own source of travel funding. Authors of accepted papers will be notified by May 1 with the program announced by May 8. All interested are welcome to join, regardless of their role at the conference. To aid with planning, all attendees will be asked to complete a conference registration form by May 22.

Context

Colby College will host the first of two meetings focused on recent research on auctions and networks. This conference at Colby is sponsored by NSF grant #1919343, while a sister 2024 conference will be held at the University of Oklahoma and sponsored by NSF grant #1919345. The two grants constitute a collaborative research proposal supported by the Division of Social and Economic Sciences at the NSF. Though this conference is supported by the NSF, any opinions, findings, and conclusions or recommendations expressed are those of the authors and do not necessarily reflect the views of the National Science Foundation.