Inference of bidders' risk attitudes in ascending auctions with endogenous entry

DOI10.1016/J.JECONOM.2014.02.010MaRDI QIDQ2451773zbMATH OpenOpenAlexFDO

Authors Hanming Fang, Xun Tang

Publication date 4 June 2014

Published in Journal of Econometrics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jeconom.2014.02.010

zbMATH Keywords

ascending auctionsendogenous entryrisk attitudestests

Mathematics Subject Classification ID

Nonparametric hypothesis testing (62G10) Applications of statistics to economics (62P20) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• First-price sealed-bid auctions when bidders exhibit different attitudes toward risk
• Risk aversion in auctions with asymmetrically informed bidders: a ``desensitizer from uncertainty
• Identification and estimation of risk aversion in first-price auctions with unobserved auction heterogeneity
• The role of varying risk attitudes in an auction with a buyout option
• Testing for risk aversion in first-price sealed-bid auctions
• English auctions with ensuing risks and heterogeneous bidders
• Reserve prices in auctions with entry when the seller is risk-averse
• Auctions with endogenous entry
• Large auctions with risk-averse bidders
• Semiparametric estimation of first-price auctions with risk-averse bidders

Cites work

• A consistent nonparametric test of affiliation in auction models
• Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View
• Econometrics of first-price auctions with entry and binding reservation prices
• Empirical Implications of Equilibrium Bidding in First-Price, Symmetric, Common Value Auctions
• Entry and competition effects in first-price auctions: theory and evidence from procurement auctions
• Estimating first-price auctions with an unknown number of bidders: a misclassification approach
• Handbook of econometrics. Vol. 5
• Identification and inference in ascending auctions with correlated private values
• Identification in Auctions With Selective Entry
• Identification of Standard Auction Models
• Identification of time and risk preferences in buy price auctions
• Increasing Competition and the Winner's Curse: Evidence from Procurement
• Indicative bidding and a theory of two-stage auctions
• Inference of bidders' risk attitudes in ascending auctions with endogenous entry
• Nonparametric Identification of Risk Aversion in First-Price Auctions Under Exclusion Restrictions
• Ranking auctions with risk adverse bidders
• Semiparametric estimation of first-price auctions with risk-averse bidders
• Weak convergence and empirical processes. With applications to statistics
• What model for entry in first-price auctions? A nonparametric approach

Cited in

(7)

• Inference for first-price auctions with Guerre, Perrigne, and Vuong's estimator
• Unobserved heterogeneity in auctions under restricted stochastic dominance
• Inference of bidders' risk attitudes in ascending auctions with endogenous entry
• First-price sealed-bid auctions when bidders exhibit different attitudes toward risk
• Risk aversion in auctions with asymmetrically informed bidders: a ``desensitizer from uncertainty
• Identification of incomplete information allocation-transfer games in monotone equilibrium
• Existence of monotone equilibrium in first price auctions with private risk aversion and private initial wealth

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