Using all bids in parametric estimation of first-price auctions

DOI10.1016/S0165-1765(97)00089-XMaRDI QIDQ1390975zbMATH OpenWikidataFDO

Authors Tong Li, Quang Vuong

Publication date 22 July 1998

Published in Economics Letters (Search for Journal in Brave)

zbMATH Keywords

first-price auctionssimulated nonlinear least-squares

Mathematics Subject Classification ID

Statistical methods; economic indices and measures (91B82) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Econometrics of First-Price Auctions
• Bayesian estimation approaches to first-price auctions
• Optimal Nonparametric Estimation of First-price Auctions
• Nonparametric estimation of first-price auctions with risk-averse bidders

Cites work

• A Method of Simulated Moments for Estimation of Discrete Response Models Without Numerical Integration
• Econometrics of First-Price Auctions
• Piecewise Pseudo-Maximum Likelihood Estimation in Empirical Models of Auctions

Cited in

(3)

• Econometrics of first-price auctions with entry and binding reservation prices
• Simulation based selection of competing structural econometric models
• Auction-lottery hybrid mechanisms: structural model and empirical analysis

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