Bayesian Inference in Structural Second-Price Common Value Auctions

DOI10.1198/jbes.2011.08289zbMath1219.91112OpenAlexW2053850495MaRDI QIDQ3089156

Mattias Villani, Bertil Wegmann

Publication date: 24 August 2011

Published in: Journal of Business & Economic Statistics (Search for Journal in Brave)

Full work available at URL: http://www.riksbank.com/upload/Dokument_riksbank/Kat_publicerat/WorkingPapers/2010/wp242.pdf

zbMATH Keywords

Markov chain Monte Carlovariable selectionlikelihood inferenceeBayinternet auctionsbid function approximationnormal valuation

Mathematics Subject Classification ID

Bayesian inference (62F15) Auctions, bargaining, bidding and selling, and other market models (91B26) Statistical methods; economic indices and measures (91B82)

Related Items (1)

Bayesian comparison of private and common values in structural second-price auctions

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