Piecewise pseudo-maximum likelihood estimation for risk aversion case in first-price sealed-bid auction
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Publication:656956
DOI10.1007/s10614-010-9242-yzbMath1247.91070MaRDI QIDQ656956
Publication date: 13 January 2012
Published in: Computational Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s10614-010-9242-y
Monte Carlo simulation; risk aversion; Pareto distribution; goodness of fit; piecewise pseudo-maximum likelihood estimation (PPMLE)
91B26: Auctions, bargaining, bidding and selling, and other market models
Cites Work
- Quantal response equilibrium and overbidding in private-value auctions
- Semiparametric Estimation of First-Price Auctions with Risk-Averse Bidders
- Optimal Auctions with Risk Averse Buyers
- Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View
- Optimal Nonparametric Estimation of First-price Auctions
- Econometrics of First-Price Auctions
- Piecewise Pseudo-Maximum Likelihood Estimation in Empirical Models of Auctions