Aryal, Gaurab; Kim, Dong-Hyuk - College of Business and Economics, Australian National … - 2012
This paper proposes a decision theoretic method to choose a single reserve price for partially identified auction models, such as Haile and Tamer, 2003, using data on transaction prices from English auctions. The paper employs Gilboa and Schmeidler, 1989 for inference that is robust with respect...