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Identification of the distribution of valuations in an incomplete model of English auctions

Andrew Chesher and Adam Rosen

No CWP30/15, CeMMAP working papers from Centre for Microdata Methods and Practice, Institute for Fiscal Studies

Abstract: An incomplete model of English auctions with symmetric independent private values, similar to the one studied in Haile and Tamer (2003), is shown to fall in the class of Generalized Instrumental Variable Models introduced in Chesher and Rosen (2014). A characterization of the sharp identified set for the distribution of valuations is thereby obtained and shown to refine the bounds available until now.

Keywords: English auctions; partial identification; sharp set identification; generalized instrumental variable models (search for similar items in EconPapers)
Date: 2015-06-29
New Economics Papers: this item is included in nep-ecm
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Citations: View citations in EconPapers (7)

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Working Paper: Identification of the distribution of valuations in an incomplete model of English auctions (2015) Downloads
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