Empirical Models of Auctions

Susan Athey and Philip A. Haile ()
Additional contact information
Philip A. Haile: Cowles Foundation, Yale University, https://economics.yale.edu/people/faculty/philip-haile

No 1562, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: Many important economic questions arising in auctions can be answered only with knowledge of the underlying primitive distributions governing bidder demand and information. An active literature has developed aiming to estimate these primitives by exploiting restrictions from economic theory as part of the econometric model used to interpret auction data. We review some highlights of this recent literature, focusing on identification and empirical applications. We describe three insights that underlie much of the recent methodological progress in this area and discuss some of the ways these insights have been extended to richer models allowing more convincing empirical applications. We discuss several recent empirical studies using these methods to address a range of important economic questions.

Keywords: Auctions; Identification; Estimation; Testing (search for similar items in EconPapers)
JEL-codes: C5 D4 L1 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2006-03
New Economics Papers: this item is included in nep-ecm
Note: CFP 1229.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

Published in Richard Blundell, Whitney Newey, and Torsten Persson, eds., Advances in Economics and Econometrics, Theory and Applications: Ninth World Congress, Vol. II, Cambridge University Press, 2006, pp. 1-45

Downloads: (external link)
https://cowles.yale.edu/sites/default/files/files/pub/d15/d1562.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Working Paper: Empirical Models of Auctions (2006)
Working Paper: Empirical Models of Auctions (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cwl:cwldpp:1562

Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.

Access Statistics for this paper

More papers in Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University Yale University, Box 208281, New Haven, CT 06520-8281 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Brittany Ladd ().