| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23569 |
| 来源ID | Working Paper 23569 |
| Identification in Ascending Auctions, with an Application to Digital Rights Management | |
| Joachim Freyberger; Bradley J. Larsen | |
| 发表日期 | 2017-07-17 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This study provides new identification and estimation results for ascending (traditional English or online) auctions with unobserved auction-level heterogeneity and an unknown number of bidders. When the seller's reserve price and two order statistics of bids are observed, we derive conditions under which the distributions of buyer valuations, unobserved heterogeneity, and number of participants are point identified. We also derive conditions for point identification in cases where reserve prices are binding (in which case bids may be unobserved in some auctions) and present general conditions for partial identification. We propose a nonparametric maximum likelihood approach for estimation and inference. We apply our approach to the online market for used iPhones and analyze the effects of recent regulatory changes banning consumers from circumventing digital rights management technologies used to lock phones to service providers. We find that buyer valuations for unlocked phones dropped after the unlocking ban took effect. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Market Structure and Distribution ; Industrial Organization ; Industry Studies ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w23569 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581243 |
| 推荐引用方式 GB/T 7714 | Joachim Freyberger,Bradley J. Larsen. Identification in Ascending Auctions, with an Application to Digital Rights Management. 2017. |
| 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 | ||
| w23569.pdf（803KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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