Piecewise pseudo-maximum likelihood estimation for risk aversion case in first-price sealed-bid auction

DOI10.1007/S10614-010-9242-YzbMath1247.91070OpenAlexW2005961768MaRDI QIDQ656956

Shuo Xu, Xin An, Shu-Lin Liu

Publication date: 13 January 2012

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

Full work available at URL: https://doi.org/10.1007/s10614-010-9242-y

zbMATH Keywords

Monte Carlo simulationrisk aversionPareto distributiongoodness of fitpiecewise pseudo-maximum likelihood estimation (PPMLE)

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Cites Work

• Quantal response equilibrium and overbidding in private-value auctions
• Semiparametric Estimation of First-Price Auctions with Risk-Averse Bidders
• Optimal Auctions with Risk Averse Buyers
• Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View
• Optimal Nonparametric Estimation of First-price Auctions
• Econometrics of First-Price Auctions
• Piecewise Pseudo-Maximum Likelihood Estimation in Empirical Models of Auctions

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