Title of article :
Using all bids in parametric estimation of first-price auctions
Author/Authors :
Tong Li، نويسنده , , Isabelle Perrigne and Quang Vuong، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1997
Abstract :
Recently Laffont et al. (1995) have proposed an SNLLS estimator using winning bids only. Here, we derive a relationship between the means of observed bids and private values to propose an SNLLS estimator using all bids in first-price auctions.
Keywords :
Simulated nonlinear least-squares , First-price auctions
Journal title :
Economics Letters
Journal title :
Economics Letters
