Auctions with ex post uncertainty.

Abstract: Uncertainty about ex post realized values is an inherent component in many auction environments. In this article, we develop a structural framework to analyze auction data subject to ex post uncertainty as a pure risk. We consider a low‐price sealed‐bid auction model with heterogeneous bid...

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Publicado en:	RAND Journal of Economics (Wiley-Blackwell) Vol. 49; no. 3; pp. 574 - 594
Autores principales:	Luo, Yao, Perrigne, Isabelle, Vuong, Quang
Formato:	Artículo
Publicado:	Wiley-Blackwell Fall2018
Materias:	Economic models Auctions Bidders Bids Bid price Idiosyncratic risk (Securities) Nonparametric estimation
Acceso en línea:	Ver este registro en EBSCOhost