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 buyers with unit demand and heterogeneous preferences over a finite set of …

develop a dynamic theory for supply and demand based on agents with heterogeneous beliefs. When the inter-auction time is …In standard Walrasian auctions, the price of a good is defined as the point where the supply and demand curves … property emerges: close to the price, supply and demand vanish quadratically, which we empirically confirm on the Bitcoin. This …

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 buyers with unit demand and heterogeneous preferences over a finite set of …

We estimate demand for personal computer processors using structural estimation of valuations and data from Internet … processor-specific variables on demand and to provide an estimate of the cost of bidding …