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This paper proposes an estimation method for a repeated auction game under the presence of capacity contraints. The … estimation strategy is computationally simple as it does not require solving for the equilibrium of the game. It uses a two stage … estimation method to repeated highway construction procurement auctions in the state of California between May 1996 and May 1999 …
Persistent link: https://www.econbiz.de/10012470090
measure how these estimates vary by country, over time, and by estimation method. We find evidence reporting (or file drawer …') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are …
Persistent link: https://www.econbiz.de/10012471319
We propose a conformant likelihood estimator with exogeneity restrictions (CLEER) for random coefficients discrete choice demand models that is applicable in a broad range of data settings. It combines the likelihoods of two mixed logit estimators--one for consumer level data, and one for...
Persistent link: https://www.econbiz.de/10015195043
provide several suggestions for nonparamteric estimation of first-price auction models. Specifically, we show how to impose … nonparametric estimation. We further develop methods for automatic bandwidth selection. Finally, we discuss how to impose …
Persistent link: https://www.econbiz.de/10012461562
Economists have developed empirically tractable demand systems for fixed price markets. In contrast, empirical auction techniques treat each auction in isolation, ignoring market interactions. We provide a framework for estimating demand in a large auction market with a dynamic population of...
Persistent link: https://www.econbiz.de/10012456302
Recently, economists have developed methods for structural estimation of auction models. Many researchers object to …
Persistent link: https://www.econbiz.de/10012468808
welfare gain from moving to a world with frictionless trade. In this model, a country's trade potential depends on only the …
Persistent link: https://www.econbiz.de/10012456528
We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
Persistent link: https://www.econbiz.de/10012456530
identification strategies used, critically assess strengths and weaknesses, discuss connections with theory, and draw out potential …
Persistent link: https://www.econbiz.de/10012456633
If satisfaction with life (SWL) is used to measure individual wellbeing, the dispersion of its distribution offers a comprehensive measure of inequality that subsumes the many and various component forms of inequality in particular domains. The cross-country correlation between the level of SWL...
Persistent link: https://www.econbiz.de/10012456772