"This book is essential reading for anyone interested in taking auction theory to auction data. By employing a structural approach, the authors teach the reader to take full econometric advantage of tight auction-theoretic restrictions not only in single-unit auctions, but in a variety of multi-unit auctions as well. Whether you wish to test equilibrium behavior, recover the joint distribution of true bidder values, or check the optimality of an auction design, the techniques and insights provided in this book, not to mention the rich set of problems following each chapter, will be very useful indeed."--Philip J. Reny, Professor of Economics, University of Chicago

"This book is an elegant treatment of the econometric analysis of auction data. The authors do an excellent job of mapping the link between auction theory and the econometric analysis of auctions. The book is accessible to a general audience of economists, but still retains a thorough treatment of the technical details. I am sure this will be a valuable resource for researchers in industrial organization as well as for economists who are looking for a lucid introduction to this exciting line of research."--Patrick Bajari, Professor of Economics, University of Michigan