Set-Asides and Subsidies in Auctions
---- Acknowledgements ----
We thank Enrique Seira for his collaboration in assembling the data for this paper, Matt Osborne and Frank Zhuo for research assistance, and Ken Hendricks for comments on an early draft of this paper. The National Science Foundation provided generous financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.