Elena Krasnokutskaya

Assistant Professor

Office: Mergenthaler Hall 460
Office Hours: Mon 15:15-17:00
Phone: 410.516.7606
Email: ekrasno1@jhu.edu

  • 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.

  • published papers

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

    Bid Preference Programs and Participation in Procurement, (2009).
    Joint with Katja Seim, Wharton School of Business; (Forthcoming in American Economic Review)

     

    Working Papers

    Outsourcing through On-line Auctions, (2008).
    Joint with Christian Terwiesch, Wharton School of Business

    Choice of Product under Regulation: The Case of Chile Pension System, (2009).
    Joint with Petra Todd, University of Pennsylvania, and Ludwig Ressner, Munich University

    Identification and Estimation of Auction Model with Two-Dimensional Unobserved Heterogeneity, (2009).

    Identification of Entry Models under Unobserved Heterogeneity, (2009).

    Multi-Attribute Auction Model with Unobserved Bidder Attributes, (2009).
    Joint with Xun Tang, University of Pennsylvania

     

    Work in Progress

    Investor Behavior under a Privatized Retirement Accounts System: Evidence from Chile
    Joint with Olivia Mitchell, Wharton School of Business, and Petra Todd, University of Pennsylvania

    Subcontracting Strategies in Procurement Auctions
    Joint with Katja Seim, Wharton School of Business

    Long - Run Effects of Preferential Treatment

    Estimating Dynamic Insurance Model
    Joint with Mathew Shum, California Institute of Technology