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Chapter 32 An Empirical Perspective on Auctions

Hendricks, Ken; Porter, Robert H. - In: Handbook of industrial organization : volume 3, (pp. 2073-2143). 2007

We describe the economics literature on auction markets, with an emphasis on the connection between theory, empirical practice, and public policy, and a discussion of outstanding issues. We describe some basic concepts, to highlight some strengths and weaknesses of the literature, and so...

Persistent link: https://www.econbiz.de/10014024584

Comparing open and sealed bid auctions : theory and evidence from timber auctions

Athey, Susan; Levin, Jonathan; Seira, Enrique - 2004

We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account …

Persistent link: https://www.econbiz.de/10011607074

The determinants of price in online auctions : more evidence from quantile regression

Sun, Chia-Hung; Chiu, Yi-Bin; Hsu, Ming-Fei - In: Bulletin of economic research 68 (2016) 3, pp. 268-286

Persistent link: https://www.econbiz.de/10011502787

Heterogeneity and fine wine prices : application of the quantile regression approach

Amédée-Manesme, Charles-Olivier; Faye, Benoît; Le … - In: Applied economics 52 (2020) 26, pp. 2821-2840

Persistent link: https://www.econbiz.de/10012221455

Penalized quantile regression with semiparametric correlated effects : applications with heterogeneous preferences

Harding, Matthew C.; Lamarche, Carlos - 2013

This paper proposes new ℓ1-penalized quantile regression estimators for panel data, which explicitly allows for individual heterogeneity associated with covariates. We conduct Monte Carlo simulations to assess the small sample performance of the new estimators and provide comparisons of new...

Persistent link: https://www.econbiz.de/10010238040

What if you had been less fortunate : the effects of poor family background on current labor market outcomes

Cho, Sungwook; Heshmati, Almas - 2013

This study examines the correlation between childhood poverty and its influence on adulthood wage distribution, where childhood poverty refers to experience of poverty or poor family background during one's childhood. With the data from Korean Labor Income Panel Study, KLIPS, quantile regression...

Persistent link: https://www.econbiz.de/10010204499

Robust estimation of wage dispersion with censored data : an application to occupational earnings risk and risk attitudes

Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2013

We present a semiparametric method to estimate group-level dispersion, which is particularly effective in the presence of censored data. We apply this procedure to obtain measures of occupation-specific wage dispersion using top-coded administrative wage data from the German IAB Employment...

Persistent link: https://www.econbiz.de/10009775634

A test of the conditional independence assumption in sample selection models

Huber, Martin; Melly, Blaise - 2012 - Last changes: September 2012

Identification in most sample selection models depends on the independence of the regressors and the error terms conditional on the selection probability. All quantile and mean functions are parallel in these models; this implies that quantile estimators cannot reveal any - per assumption...

Persistent link: https://www.econbiz.de/10009633861

Does the link between unemployment and crime depend on the crime level? : a quantile regression approach

Entorf, Horst; Sieger, Philip - 2014

Two alternative hypotheses - referred to as opportunity- and stigma-based behavior - suggest that the relationship between unemployment and crime also depends on preexisting local crime levels. In order to analyze conjectured nonlinearities between both variables, we are using quantile...

Persistent link: https://www.econbiz.de/10010385959

Quantile regression with panel data

Graham, Bryan S.; Hahn, Jinyong; Poirier, Alexandre; … - 2015

We propose a generalization of the linear quantile regression model to accommodate possibilities afforded by panel data. Specifically, we extend the correlated random coefficients representation of linear quantile regression (e.g., Koenker, 2005; Section 2.6). We show that panel data allows the...

Persistent link: https://www.econbiz.de/10010494997