Martin Pesendorfer

Working Papers

Conduct in the Soft Drink Market: A Mechanism Design Approach, with Taisuke Otsu. March 2025.

Deal-Expectation Effects in Consumer Demand, with Matt Gentry. December 2021.

Acquisitions Return Estimates: Matching with Transfers, with Fabio Miessi. March 2021.

Publications

Underbidding for Oil and Gas Tracts, with Julien Martin and Jack Shannon. AER, 2025.

Omitted Budget Constraint Bias in Discrete-Choice Demand Models,  with Pasquale Schiraldi and Daniel Silva-Junior. IJIO, 2023.

Equilibrium Multiplicity in Dynamic Games: Testing and Estimation, with Taisuke Otsu. Econometrics Journal, 2023. 

Estimation of (static or dynamic) games under equilibrium multiplicity, with Taisuke Otsu, Yuya Sasaki and Yuya Takahashi. International Economic Review, 2022.

Pricing with Bargain Hunting Consumers, with Matt Gentry.  Games and Economic Behavior, 2021.

Auctions.  In: M. Sotomayor, D. Perez-Castrillo and D. Castiglione (eds) Complex Social and Behavioral Systems. Game Theory and Agent-Based Models, Springer, Berlin, Heidelberg, 2020. 

Pooling Data across Markets in Dynamic Markov Games, with Yuya Takahashi and Taisuke Otsu.  Quantitative Economics, 2016.

Optimal Sequential Auctions, with Mireia Jofre-Bonet. IJIO, 2014.

Estimation of (Dynamic) Games: A Discussion, in World Congress (Econometric Society Monographs) on Advances in Economics and Econometrics: Theory and Applications, 2013.

Equilibrium Bids in Sponsored Search Auctions: Theory and Evidence, with Tilman Borgers, Ingemar Cox and Vaclav Petricek, American Economic Journal: Microeconomics, 2013.

Sequential Estimation of Dynamic Discrete Games: A Comment, with Philipp Schmidt-Dengler. Econometrica, 2010.

Asymptotic Least Squares Estimators for Dynamic Games, with Philipp Schmidt-Dengler. Review of Economic Studies, 2008.

Information Structures in Optimal Auctions, with Dirk Bergemann. Journal of Economic Theory, 2007.

Auctioning Bus Routes, with Estelle Cantillon. Chapter 22 of the book "Combinatorial Auctions" by Cramton, Shoham and Steinberg (editors), MIT Press, 2006.

Mergers under Entry. RAND Journal of Economics, 2005.

Horizontal Mergers in the Paper Industry. RAND Journal of Economics, 2003.

Estimation of a Dynamic Auction Game, with Mireia Jofre-Bonet. Econometrica, 2003.

Retail Sales. A Study of Pricing Behavior in Supermarkets. Journal of Business, 2002.

      Bidding Behavior in a Repeated Procurement Auction: A Summary, with Mireia Jofre-Bonet. European Economic Review, 2000.

A Study of Collusion in First-Price Auctions. Review of Economic Studies, 2000.

Viennese Chairs: A Case Study of Modern Industrialization in the Habsburg Empire, with Ekaterini Kyriazidou. Journal of Economic History, 1999.

Pollution Claim Settlements under Correlated Information. Journal of Economic Theory, 1998.

Older Working Papers

Combination Bidding in Multi-Unit Auctions, with Estelle Cantillon. LSE, 2006.

Identification and Estimation of Dynamic Games, with Philipp Schmidt-Dengler. NBER working paper 9726, May 2003.