| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6364 |
| DP6364 Unemployment Insurance Design: Inducing Moving and Retraining | |
| John Hassler; Jose V. Rodríguez Mora | |
| 发表日期 | 2007-06-29 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper provides a structural empirical analysis of Dutch auctions of houseplants at the flower auction in Aalsmeer, the Netherlands. The data set is unique for Dutch auctions in the sense that it includes observations of all losing bids in an interval adjacent to the winning bid. The size of this interval is determined by the speed of reaction of the auction participants, and as such these data are collectible due to neurological constraints on information processing. The data on losing bids are shown to be informative on the structural model determinants. The models are estimated using the Gibbs sampler with data augmentation. We take account of data limitations concerning the number of bidders. The estimation results are used to investigate whether actual reserve prices are optimal, and to determine the effects of reserve price changes. |
| 主题 | Industrial Organization |
| 关键词 | Data augmentation First-price auction Gibbs sampling Markov chain monte carlo Observing losing bids Private value Reserve price Speed of reaction |
| URL | https://cepr.org/publications/dp6364 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535203 |
| 推荐引用方式 GB/T 7714 | John Hassler,Jose V. Rodríguez Mora. DP6364 Unemployment Insurance Design: Inducing Moving and Retraining. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
