Open AccessA Comparison of Estimators for Empirical Models of Auctions
Author(s) -
Paarsch
Publication year - 1994
Publication title -
annales d économie et de statistique
Language(s) - English
Resource type - Journals
eISSN - 2272-6497
pISSN - 0769-489X
DOI - 10.2307/20075950
Subject(s) - estimator , common value auction , econometrics , economics , mathematics , mathematical economics , statistics
Using structural econometric models of equilibrium behaviour in games with incomplete information to intrepret field data from auctions has become increasingly widespread. Several different estimation strategies now exist. In this paper, I compare the performance of these different estimators using a stylized empirical model of a procurement auction within the independent private values paradigm.
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