| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Nonparametric Identification and Estimation of Multi-Unit, Sequential, Oral, Ascending-Price Auctions With Asymmetric Bidders | |
| Harry J. Paarsch; Bjarne Brendstrup | |
| 发表日期 | 2004 |
| 出处 | Economy and Society |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Within the independent private-values paradigm, we derive the data-generating process of the winning bid for the last unit sold at multi-unit sequential English auctions when bidder valuations are draws from different distributions; i.e., in the presence of asymmetries. When the identity of the winner as well as the number of units won by each bidder in previous stages of the auction are observed, we demonstrate nonparametric identification and then propose two estimation strategies, one based on the empirical distribution function of winning bids for the last unit sold and the other based on approximation methods using orthogonal polynomials. We apply our methods to daily data from fish auctions held in Grenå, Denmark.. For single-unit supply, we use our estimates to compare the revenues a seller could expect to earn were a Dutch auction employed instead. |
| 特色分类 | C14,D44,L1,Q22 |
| 关键词 | Asymmetric,Multi-unit,Sequential,Oral,Ascending-price fish auctions, |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/nonparametric-identification-and-estimation-of-multi-unit-sequential-oral-ascending-price-auctions-with-asymmetric-bidders/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116963 |
| 推荐引用方式 GB/T 7714 | Harry J. Paarsch,Bjarne Brendstrup. Nonparametric Identification and Estimation of Multi-Unit, Sequential, Oral, Ascending-Price Auctions With Asymmetric Bidders. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2004-011.pdf（1556KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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