Structural Econometric Analysis of Descending Auctions
Author: Jean-Jacques Laffont
Publisher:
Published: 1992
Total Pages: 22
ISBN-13:
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Author: Jean-Jacques Laffont
Publisher:
Published: 1992
Total Pages: 22
ISBN-13:
DOWNLOAD EBOOKAuthor: Matthew L. Gentry
Publisher: Foundations and Trends (R) in Econometrics
Published: 2018-04-26
Total Pages: 244
ISBN-13: 9781680834468
DOWNLOAD EBOOKStructural Econometrics of Auctions summarizes the structural econometric analysis of observational data from auctions.
Author: Harry J. Paarsch
Publisher: MIT Press
Published: 2006
Total Pages: 454
ISBN-13:
DOWNLOAD EBOOKAccompanying CD-ROM contains data and sample computer code for empirical problems.
Author: James Joseph Heckman
Publisher: Elsevier
Published: 2007
Total Pages: 1013
ISBN-13: 0444506314
DOWNLOAD EBOOKAs conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice ...
Author: Zvi Griliches
Publisher: Elsevier
Published: 1983
Total Pages: 1013
ISBN-13: 0444887660
DOWNLOAD EBOOKThe Handbook is a definitive reference source and teaching aid for econometricians. It examines models, estimation theory, data analysis and field applications in econometrics.
Author: Hashimzade, Nigar
Publisher: Edward Elgar Publishing
Published: 2021-11-18
Total Pages: 672
ISBN-13: 1788976487
DOWNLOAD EBOOKWritten in a comprehensive yet accessible style, this Handbook introduces readers to a range of modern empirical methods with applications in microeconomics, illustrating how to use two of the most popular software packages, Stata and R, in microeconometric applications.
Author: Ali Hortaçsu
Publisher: Princeton University Press
Published: 2023-10-24
Total Pages: 280
ISBN-13: 0691243468
DOWNLOAD EBOOK"Within economics a relatively new way of modeling has dominated important subfields: structural modeling. The goal of this book is to give an overview on how the various streams of literatures in empirical industrial organization and quantitative marketing use structural econometric modeling to estimate the model parameters, give the economic-model-based predictions, and conduct the policy counterfactual experiments. The traditional way of modelling, called "reduced-form" builds its models from simple relationships between variables of interests, which are mostly linear. Structural econometric models start by specifying the structure of the economic model, and the variables are calibrated from real-world data. This method enables better predictions and policy counterfactuals, and has other benefits. When considering a hypothetical policy change using the traditional modeling method ("reduced form"), researchers can often only estimate whether an effect would be positive or negative. With a structural econometric model using real-world data, a researcher can obtain the magnitude of the effects resulting from a hypothetical change. But the ability of quantifying the effects associated with a hypothetical policy change comes with its costs: the nonlinearity from explicitly specifying the possible relationships makes the structural econometric approach generally much more difficult to implement than its reduced-form counterpart. Therefore this book will provide a much-needed resource on how to use these methods effectively in the fields in which they been used the most, empirical industrial organization and quantitative marketing"--
Author: Xavier Vives
Publisher: MIT Press (MA)
Published: 1999
Total Pages: 446
ISBN-13: 9780262220606
DOWNLOAD EBOOKApplies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.
Author: John H. Kagel
Publisher: Princeton University Press
Published: 2021-04-13
Total Pages: 419
ISBN-13: 0691218951
DOWNLOAD EBOOKAn invaluable account of how auctions work—and how to make them work Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the same to all bidders, but different bidders have different information about the underlying value. Virtually all auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet companies such as eBay. Winners end up cursing when they realize that they won because their estimates were overly optimistic, which led them to bid too much and lose money as a result. The authors first unveil a fresh survey of experimental data on the winner's curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as the spectrum rights (air wave) auctions that continue to be conducted around the world. The remaining chapters gauge the impact on sellers' revenue of the type of auction used and of inside information, show how bidders learn to avoid the winner's curse, and present comparisons of sophisticated bidders with college sophomores, the usual guinea pigs used in laboratory experiments. Appendixes refine theoretical arguments and, in some cases, present entirely new data. This book is an invaluable, impeccably up-to-date resource on how auctions work--and how to make them work.
Author: Unjy Song
Publisher:
Published: 2004
Total Pages: 128
ISBN-13:
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