Nonparametric approaches to auctions
This chapter discusses structural econometric approaches to auctions. Remarkably, much of
what can be learned from auction data can be learned without restrictions beyond those …
what can be learned from auction data can be learned without restrictions beyond those …
Optimal nonparametric estimation of first‐price auctions
This paper proposes a general approach and a computationally convenient estimation
procedure for the structural analysis of auction data. Considering first‐price sealed‐bid …
procedure for the structural analysis of auction data. Considering first‐price sealed‐bid …
Identification of standard auction models
This paper presents new identification results for models of first–price, second–price,
ascending (English), and descending (Dutch) auctions. We consider a general specification …
ascending (English), and descending (Dutch) auctions. We consider a general specification …
Equilibrium search with continuous productivity dispersion: Theory and nonparametric estimation
In this article we develop an equilibrium search model with a continuous distribution of firm
productivity types within a given labor market. We characterize equilibrium, derive …
productivity types within a given labor market. We characterize equilibrium, derive …
First-price sealed-bid auctions with secret reservation prices
In this paper we consider a first-price sealed bid auction with a secret reservation price.
Such auctions are used frequently in France to sell timber. Within the independent private …
Such auctions are used frequently in France to sell timber. Within the independent private …
Structural analysis of auction data
JJ Laffont, Q Vuong - The American Economic Review, 1996 - JSTOR
The econometrics of auction data are driven by practical and theoretical considerations.
First, the use of auctions is quickly spreading to minimize transaction costs, to mitigate …
First, the use of auctions is quickly spreading to minimize transaction costs, to mitigate …
Identification, estimation, and testing in parametric empirical models of auctions within the independent private values paradigm
Recent advances in the application of game theory to the study of auctions have spawned a
growing empirical literature involving both experimental and field data. In this paper, we …
growing empirical literature involving both experimental and field data. In this paper, we …
A survey of recent empirical work concerning auctions
In this paper, we survey some recent empirical work concerning auctions, first outlining two
complementary approaches to the empirical analysis of auctions, and then discussing …
complementary approaches to the empirical analysis of auctions, and then discussing …
Auctioning and bargaining: An econometric study of timber auctions with secret reservation prices
B Elyakime, JJ Laffont, P Loisel… - Journal of Business & …, 1997 - Taylor & Francis
This article considers a first-price sealed-bid auction at which the seller's reservation price is
not announced in advance. We allow for a second round of bargaining and consider the …
not announced in advance. We allow for a second round of bargaining and consider the …
Inference for first-price auctions with Guerre, Perrigne, and Vuong's estimator
We consider inference on the probability density of valuations in the first-price sealed-bid
auctions model within the independent private value paradigm. We show the asymptotic …
auctions model within the independent private value paradigm. We show the asymptotic …