“The Efficiency of Dynamic Post-Auction Bargaining: Evidence from Wholesale Used-Auto Auctions,” B. Larsen (2013)
Another job market season is in the books, as Brad Larsen was the last job talk I made it to this year. Here’s something you may not have known: there is an industry which sells lots of used cars at auctions. Each year, they sell eighty billion dollars worth of cars at these auctions! I’ve [...]
http://afinetheorem.wordpress.com/2013/02/13/the-efficiency-of-dynamic-post-auction-bargaining-evidence-from-wholesale-used-auto-auctions-b-larsen-2013/