Bayesian estimation approaches to first-price auctions

DOI10.1016/j.jeconom.2011.09.005zbMath1443.62481OpenAlexW1981741169MaRDI QIDQ527907

Christopher F. Parmeter, Efthymios G. Tsionas, Subal C. Kumbhakar

Publication date: 12 May 2017

Published in: Journal of Econometrics (Search for Journal in Brave)

Full work available at URL: http://www.sciencedirect.com/science/article/pii/S0304407611001680

zbMATH Keywords

Markov chain Monte Carloposterior distributionGibbs samplingstochastic frontierbidding strategy

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Bayesian inference (62F15) Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (3)

Empirical relevance of ambiguity in first-price auctions ⋮ Measurement of excess bidding in auctions ⋮ Some recent developments in efficiency measurement in stochastic frontier models

Uses Software

• WinBUGS

Cites Work

• Measuring technical and allocative inefficiency in the translog cost system: a Bayesian approach
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• New methods for analyzing structural models of labor force dynamics
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• Reference Bayesian inference in nonregular models.
• Quantal response equilibria for normal form games
• Posterior analysis of stochastic frontier models using Gibbs sampling
• Stochastic Frontier Analysis
• Optimal Nonparametric Estimation of First-price Auctions
• Econometrics of First-Price Auctions
• Piecewise Pseudo-Maximum Likelihood Estimation in Empirical Models of Auctions
• Asymptotic Theory of Certain "Goodness of Fit" Criteria Based on Stochastic Processes
• Comparing competition and collusion: a numerical approach.

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