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Timber Auctions in the Context of the Modern Auction Theory

https://doi.org/10.32609/0042-8736-2007-3-86-94

Abstract

The article provides theoretical analysis and evaluation of the timber auctions reforms in Russia. The author shows that the mechanism of the "combined auctions", which functioned until recently, is more appropriate from the theoretical point of view (and from the point of view of the Russian practice) as compared to the officially approved format of the English auction.

About the Author

A. Manakov
State University - Higher School of Economics
Russian Federation


References

1. А. Акимов Энергия лесных запасов // Российская лесная газета. 2006. 25 июня.

2. Манаков А. Лесной фонд: анализ механизмов предоставления прав пользования // Вопросы экономики. 2006. № 9. С. 57-70.

3. Athey S., Levin J. Information and Competition in U.S. Forest Service Timber Auctions // Journal of Political Economy. 2001. Vol. 109.

4. Athey S., Levin J., Seira E. Comparing Open and Sealed Bid Auctions:Theory and Evidence from Timber Auctions. http: // econweb.tamu.edu/workshops/Industrial%20Organization/Jonathan%20Levin.pdf.

5. Haile P. Auctions with Resale Markets: An Application to U.S. Forest Service Timber Sales // American Economic Review. 2001. Vol. 92, No 3. P. 399-427.

6. Klemperer P. D. Auction Theory: A Guide to the Literature // Journal of Economic Surveys. 1999. Vol. 13, No 3. P. 227-286.

7. Klemperer P. D. Auctions with Almost Common Values // European Economic Review. 1998. Vol. 42. P. 757-769.

8. Matthews S. Comparing Auctions for Risk Averse Buyers: а Buyer's Point of View // Econometrica.1987. Vol. 55, No 3. P. 633-646.


Review

For citations:


Manakov A. Timber Auctions in the Context of the Modern Auction Theory. Voprosy Ekonomiki. 2007;(3):86-94. (In Russ.) https://doi.org/10.32609/0042-8736-2007-3-86-94

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ISSN 0042-8736 (Print)