Canals-Cerdá, José J.; Pearcy, Jason - In: Journal of Business & Economic Statistics 31 (2013) 2, pp. 125-135
We develop a new econometric approach for the estimation of second-price ascending-bid auctions with a stochastic number of bidders. Our empirical framework considers the arrival process of new bidders as well as the distribution of bidders' valuations of objects being auctioned. By observing...