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Empirical Implications of Equilibrium Bidding in First-Price, Symmetric, Common Value Auctions

โœ Scribed by Hendricks, Kenneth; Pinkse, Joris; Porter, Robert H.

Book ID
108534001
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
225 KB
Volume
70
Category
Article
ISSN
0034-6527

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๐Ÿ“œ SIMILAR VOLUMES

Posterior odds comparison of a symmetric
Posterior odds comparison of a symmetric low-price, sealed-bid auction within the common-value and the independent-private-values paradigms
โœ Samita Sareen ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 255 KB

I attempt to decide, using the posterior odds ratio, whether the symmetric common-value paradigm or the symmetric independent-private-values paradigm is a more probable explanation of the low-price, sealed-bid auctions conducted by the Indian Oil Corporation to purchase crude-oil from the internatio