arXiv Open Access 2022

Identification of Auction Models Using Order Statistics

Yao Luo Ruli Xiao

Lihat Sumber

Abstrak

Auction data often contain information on only the most competitive bids as opposed to all bids. The usual measurement error approaches to unobserved heterogeneity are inapplicable due to dependence among order statistics. We bridge this gap by providing a set of positive identification results. First, we show that symmetric auctions with discrete unobserved heterogeneity are identifiable using two consecutive order statistics and an instrument. Second, we extend the results to ascending auctions with unknown competition and unobserved heterogeneity.

Topik & Kata Kunci

econ.EM

Penulis (2)

Yao Luo

Ruli Xiao

Format Sitasi

APA MLA BibTeX

Luo, Y., Xiao, R. (2022). Identification of Auction Models Using Order Statistics. https://arxiv.org/abs/2205.12917

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Informasi Jurnal

Tahun Terbit: 2022
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓