Elena Krasnokutskaya

Assistant Professor

Wyman Park Building 555
Monday 9:30-10:30 a.m. or by appointment
Personal Website


My research is on the empirical analysis of imperfectly competitive markets. Most of my work focuses on auction markets and deals with evaluating effectiveness of specific auction mechanisms in promoting auction participation, maximizing the auctioneer's revenue, or matching seller to buyer on the basis of the seller's characteristics (e.g. quality or location) and the buyer's willingness to pay for these characteristics. I have also made methodological contributions to the literature analyzing the estimation of auction models in the presence of unobserved object characteristics. In non-auction part of my research I analyze firms' product choices and subsequent pricing decisions in the environment with strategic interactions among firms and government regulation of product properties. In one study, I use this framework to assess the impact of government regulation on the portfolios offered by pension funds, their prices, social welfare, and on government liabilities in the Chilean privatized pension system.

Research Papers

Identification and Estimation in Procurement Auctions under Unobserved Auction Heterogeneity, (2009). (Technical Appendix)
Review of Economic Studies,28 (2011)

Bid Preference Programs and Participation in Procurement, (2009).
Joint with Katja Seim, American Economic Review, 101 (2011)

Estimating of Auction Models with Multi-Dimensional Unobserved Heterogeneity, (2009).
Joint with Katja Seim, International Economic Review, 53(3), 2012

Choice of Product under Regulation: The Case of Chile Pension System, (2011).
Joint with Petra Todd, (a new version will be posted soon)

The Role of Quality in Service Markets Organized as Multi-Attribute Auctions, (2012).
Joint with Kyungchul Song and Xun Tang

Dynamic Procurement Auctions with Subcontracting, (2012).
Joint with Przemek Jesiorski

Outsourcing through On-line Auctions, (2011).
Joint with Christian Terwiesch, (a new version will be posted soon)


Working Papers

Identification of Dynamic Insurance Model, joint with Yingyao Hu and Olivia Ceccarini.

Procurement Auctions for Projects with Design Uncertainty, joint with Tymofiy Mylovanov.


Work in Progress

Bargaining in Medicare Market for Prescription Drugs
joint with Colleen Carey and Ying Fan

Accounting for Subcontracting in Empirical Analysis of Dynamic Procurement Auctions
Joint with Przemek Jesiorsky, and Katja Seim