Harry J. Paarsch and Han Hong, An Introduction to the Structural Econometrics of Auction Data (The MIT Press 2006)

✍ Scribed by Isabelle Perrigne

• Book ID: 102288970
• Publisher: John Wiley and Sons
• Year: 2010
• Tongue: English
• Weight: 72 KB
• Volume: 25
• Category: Article
• ISSN: 0883-7252
• DOI: 10.1002/jae.1195

✦ Synopsis

is the use of ascending auctions, which differ from the clock model developed by theorists. Analysts have circumvented this problem by either showing that the winning bid can be approximated as in the clock model or by developing an incomplete model as in Haile and Tamer (2003). Auctions on the web also provide examples of mechanisms which differ from the standard ones.