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Governmental agencies use score procurement auctions to incorporate other attributes beyond price in their purchase …-bid- first-price auctions to multi-attribute score auctions by incorporating the optimal bidding structure …
Persistent link: https://www.econbiz.de/10012856880
asymmetric second-price auctions. I consider the case when bidders have independent private values and the only available data … identification in auctions with a stochastic number of bidders. Furthermore, I show that my results can be extended to generalized …
Persistent link: https://www.econbiz.de/10011757066
Buy price auctions merge a posted price option with a standard bidding mechanisms, and have been used by various online …’s expected revenue over standard auctions. We show that data from buy price auctions can be used to identify bidders’ risk …
Persistent link: https://www.econbiz.de/10011801642
First-Price Auctions." …
Persistent link: https://www.econbiz.de/10014200461
private values in first-price sealed-bid auctions with independent private values. Our method of inference is based on a fully …
Persistent link: https://www.econbiz.de/10014200462
This paper studies identification and estimation of first-price auctions if the bidders face ambiguity about the … finite sample properties of the estimators. We find evidence of ambiguity in USFS timber auctions which leads to aggressive …
Persistent link: https://www.econbiz.de/10014156136
We develop tests for common values at first-price sealed-bid auctions. Our tests are nonparametric, require observation … values auctions. The tests build on recently developed methods for using observed bids to estimate each bidder's conditional … different types of U.S. Forest Service timber auctions. For unit-price ("scaled") sales often argued to fit a private values …
Persistent link: https://www.econbiz.de/10014072657
This chapter discusses structural econometric approaches to auctions. Remarkably, much of what can be learned from … auctions, including extensions to Dutch auctions, Internet auctions, multi-unit auctions, and multi-object auctions. We …
Persistent link: https://www.econbiz.de/10014024955
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