Penn Stater Conference Center
The Center for the Study of Auctions, Procurements, and Competition Policy, along with its partner institution the Institute for Financial Studies, hosted a conference at Penn State April 3-6, 2008. Topics included auctions, procurements, and empirical industrial organization. A special roundtable was held regarding Russian oil and gas auctions. Eric Maskin was honored at the opening dinner, and he offered the opening address of the conference. An outstanding group of academic researchers attended. Both CAPCP and IFS look forward to the prospect of this conference being an annual event.
Conference Schedule
Printable PDF agenda: CAPCP Conference Agenda
Thursday, April 3, 2008
Welcome!
Hotel check-in and conference registration
Evening Events in the Senate Suites on the Main Level.
Reception 6:00-7:30pm
Dinner at 7:30pm
Vijay Krishna, Pennsylvania State University
Recognition of Eric Maskin, Institute for Advanced Study, Nobel Memorial Prize in Economics 2007
Friday, April 4, 2008
7:15 – 8:15 a.m. Buffet breakfast served in Presidents Hall 4
All sessions to be held in room 207
Click on Presenters name to view paper.
8:30 – 8:45 a.m. Welcoming Remarks
Barry Ickes, Pennsylvania State University
Robert Marshall, Pennsylvania State University
Morning Session Chair: Isabelle Perrigne, Pennsylvania State University
8:45 – 10:45 a.m.
Jeremy Fox, University of Chicago
“Measuring the Efficiency of an FCC Spectrum Auction”
Discussant: Matthew Shum, Johns Hopkins University
John Kagel, Ohio State University
“Ascending Prices with Package Bidding: An Experimental Analysis”
Discussant: Peter Cramton, University of Maryland
10:45 – 11:15 a.m. Break
11:15a.m. – 12:15 p.m.
Luciano de Castro, University of Illinois
“Grid Distributions to Study Single Object Auctions”
Discussant: Isa Hafalir, Carnegie Mellon University
12:15 – 1:45 p.m. Buffet lunch served in Presidents Hall 4
Afternoon Session Chair: Vijay Krishna, Pennsylvania State University
1:45 – 3:45 p.m.
John Morgan, University of California, Berkeley
“Securities Auctions under Moral Hazard: An Experimental Study”
Discussant: Jacob Goeree, California Institute of Technology
Steven Tadelis, University of California, Berkeley
“Bidding for Incomplete Contracts: An Empirical Analysis of Adaptation Costs”
Discussant: Harry Paarsch, University of Iowa
3:45 – 4:15 p.m. Break
4:15 – 5:15 p.m.
Leslie Marx, Duke University
“The Economics of Contingent Re-auctions”
Discussant: Steven Williams, University of Illinois
Evening events will be held in the Senate Suites on the Main Level.
6:30 – 7:30 p.m. Reception
7:30 – 10:00 p.m. Dinner
Speaker: Michael Baye, Indiana University and Federal Trade Commission
Saturday, April 5, 2008
7:15 – 8:15 a.m. Buffet breakfast served in Executive Rooms 1&2
All sessions to be held in room 207
Click on Presenters name to view paper.
Morning Session Chair: Robert Marshall, Pennsylvania State University
8:30 – 10:30 a.m.
Rod Garratt, University of California-Santa Barbara
“Collusion via Resale”
Discussant: George Mailath, University of Pennsylvania
John Asker, New York University
“A Study of the Internal Organisation of a Bidding Cartel”
Discussant: Isabelle Perrigne, Pennsylvania State University
10:30 – 11:00 a.m. Break
11:00 a.m. – 12:00 p.m.
Daniel Ackerberg, UCLA
“The Buy-it-now Option, Risk Aversion, and Impatience in an Empirical Model of eBay Bidding”
Discussant: Philip Haile, Yale University
12:00 – 1:30 p.m. Buffet lunch served in Executive Rooms 1&2
Afternoon Session Chair: Quang Vuong, Pennsylvania State University
1:30 – 3:30 p.m.
Harrison Cheng, University of Southern California
“Asymmetric Common Value Auctions with Applications to Auctions with Resale”
Discussant: Steven Matthews, University of Pennsylvania
Jakub Kastl, Stanford University
“Testing for Common Valuation in the Presence of Bidders with Informational Advantage”
Discussant: Han Hong, Stanford University
3:30 – 4:00 p.m. Break
4:00 – 5:30 p.m. Roundtable Session
Oil and Gas Auctions
Andrey Vavilov, Institute for Financial Studies
Ken Hendricks, University of Texas-Austin
Barry Ickes, Pennsylvania State University
Robert Porter, Northwestern University
Andrei Karavaev, Pennsylvania State University
Evening festivities to be held at the Hintz Family Alumni Center on the Penn State Campus
6:30 – 7:30 p.m. Reception
7:30 – 10:00 p.m. Dinner
Shuttle service will be provided from the main entrance of the Penn Stater at 6:00 and 6:20pm.
Transportation will be provided back to the Penn Stater after the evening festivities. For those that would like to explore downtown State College the shuttle will run every 15 minutes from the corner of Allen and College Avenue until 1:00am.
Sunday, April 6, 2008
7:15 – 8:15 a.m. Buffet breakfast served in Executive Rooms 1&2
All sessions to be held in room 207
Click on Presenters name to view paper.
Morning Session Chair: Mark Roberts, Pennsylvania State University
8:30 – 10:30 a.m.
Ignacio Esponda, New York University
“Endogenous Participation and Local Market Power in Highway Procurement”
Discussant: Tong Li, Vanderbilt University
Gautam Gowrisankaran, University of Arizona
“Government Policy and the Dynamics of Market Structure:Evidence from Critical Access Hospitals”
Discussant: Patrick Bajari, University of Minnesota
10:30 – 11:00 a.m. Break
11:00 a.m. – 12:00 p.m.
Philip Reny, University of Chicago
“On the Existence of Monotone Pure Strategy Equilibria in Bayesian Games”
Discussant: Larry Ausubel, University of Maryland
12:00 p.m. Buffet lunch served in Executive Rooms 1&2
Accommodations
The conference will be held at the Penn Stater Conference Center in State College, PA.
We will be in touch two weeks prior to the conference with your room confirmation number at the Penn Stater.
Toll-free phone number of the Penn Stater: (800) 233-7505
Travel Information
For travel directions and airport information the following link will provide you with information on how to get to the conference. The site also contains phone numbers for the local airport and stations.
If you are flying to State College please email a copy of your itinerary to Michele Moslak to have local transportation arranged from the airport.
You will receive an email prior to the conference with your hotel and shuttle information.
Registration Information
When checking in at the Penn Stater you will also register for the conference.
Per University regulations the following forms need to be completed by all guests at a University event. If you have not done so already please complete the forms and fax to Michele at 814-863-4775 or attach as a pdf document and email to Michele Moslak. You will be asked to sign original forms at the conference registration as well as show copies of passport/visa/I94 card if apply.
Contact Information
Questions on the CAPCP April Conference should be directed to:
Michele Moslak
The Center for the Study of Auctions, Procurements and Competition Policy At Penn State
Department of Economics
The Pennsylvania State University
515 Kern Building
University Park, PA 16802
phone: 814-865-0130
fax: 814-863-4775