Using all bids in parametric estimation of first-price auctions

DOI10.1016/S0165-1765(97)00089-XzbMath0897.90085WikidataQ127279418 ScholiaQ127279418MaRDI QIDQ1390975

Tong Li, Quang H. Vuong

Publication date: 22 July 1998

Published in: Economics Letters (Search for Journal in Brave)

zbMATH Keywords

first-price auctionssimulated nonlinear least-squares

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Statistical methods; economic indices and measures (91B82)

Related Items

Simulation based selection of competing structural econometric models, AUCTION–LOTTERY HYBRID MECHANISMS: STRUCTURAL MODEL AND EMPIRICAL ANALYSIS, Econometrics of first-price auctions with entry and binding reservation prices

Cites Work

• A Method of Simulated Moments for Estimation of Discrete Response Models Without Numerical Integration
• Econometrics of First-Price Auctions
• Piecewise Pseudo-Maximum Likelihood Estimation in Empirical Models of Auctions