Flexible Bayesian analysis of first price auctions using a simulated likelihood

DOI10.3982/QE257MaRDI QIDQ4586183zbMATH OpenFDO

Authors Dong-Hyuk Kim

Publication date 12 September 2018

Published in Quantitative Economics (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial 3.0 Unported

zbMATH Keywords

Bayesian analysissimulated likelihoodshape restrictionfirst price sealed bid auctionsaffiliated private valuesmethod of seriesrevenue maximizing reserve price

Mathematics Subject Classification ID

Bayesian inference (62F15) Applications of statistics to economics (62P20) Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cited in

(3)

• Empirical relevance of ambiguity in first-price auctions
• Procurements with Bidder Asymmetry in Cost and Risk-Aversion
• Bayesian estimation approaches to first-price auctions

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• tsbridge

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