Empirical models of auctions:
Many important economic questions arising in auctions can be answered only with knowledge of the underlying primitive distributions governing bidder demand and information. An active literature has developed aiming to estimate these primitives by exploiting restrictions from economic theory as part...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2006
|
| Series: | Working paper series / National Bureau of Economic Research
12126 |
| Online Access: | Volltext |
| Summary: | Many important economic questions arising in auctions can be answered only with knowledge of the underlying primitive distributions governing bidder demand and information. An active literature has developed aiming to estimate these primitives by exploiting restrictions from economic theory as part of the econometric model used to interpret auction data. We review some highlights of this recent literature, focusing on identification and empirical applications. We describe three insights that underlie much of the recent methodological progress in this area and discuss some of the ways these insights have been extended to richer models allowing more convincing empirical applications. We discuss several recent empirical studies using these methods to address a range of important economic questions. |
| Physical Description: | 48 S. graph. Darst. 22 cm |
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| index_date | 2024-07-02T22:41:29Z |
| indexdate | 2024-07-09T21:25:12Z |
| institution | BVB |
| language | English |
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| physical | 48 S. graph. Darst. 22 cm |
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| spelling | Athey, Susan 1970- Verfasser (DE-588)128978961 aut Empirical models of auctions Susan Athey ; Philip A. Haile Cambridge, Mass. National Bureau of Economic Research 2006 48 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 12126 Many important economic questions arising in auctions can be answered only with knowledge of the underlying primitive distributions governing bidder demand and information. An active literature has developed aiming to estimate these primitives by exploiting restrictions from economic theory as part of the econometric model used to interpret auction data. We review some highlights of this recent literature, focusing on identification and empirical applications. We describe three insights that underlie much of the recent methodological progress in this area and discuss some of the ways these insights have been extended to richer models allowing more convincing empirical applications. We discuss several recent empirical studies using these methods to address a range of important economic questions. Haile, Philip A. 1966- Verfasser (DE-588)128978546 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 12126 (DE-604)BV002801238 12126 http://papers.nber.org/papers/w12126.pdf kostenfrei Volltext |
| spellingShingle | Athey, Susan 1970- Haile, Philip A. 1966- Empirical models of auctions |
| title | Empirical models of auctions |
| title_auth | Empirical models of auctions |
| title_exact_search | Empirical models of auctions |
| title_exact_search_txtP | Empirical models of auctions |
| title_full | Empirical models of auctions Susan Athey ; Philip A. Haile |
| title_fullStr | Empirical models of auctions Susan Athey ; Philip A. Haile |
| title_full_unstemmed | Empirical models of auctions Susan Athey ; Philip A. Haile |
| title_short | Empirical models of auctions |
| title_sort | empirical models of auctions |
| url | http://papers.nber.org/papers/w12126.pdf |
| volume_link | (DE-604)BV002801238 |
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