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

Andrew Chesher and Adam Rosen

No 30/15, CeMMAP working papers from 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.

Date: 2015-06-29
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Working Paper: Identification of the distribution of valuations in an incomplete model of English auctions (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:azt:cemmap:30/15

DOI: 10.1920/wp.cem.2015.3015

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