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The Econometrics of Auctions with Asymmetric Anonymous Bidders

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  • Laurent Lamy

    (Crest)

Abstract

We consider standard auction models when bidders' identities arenot observed by the econometrician. First, we adapt the denition ofidentiability to a framework with anonymous bids and we explore theextent to which anonymity reduces the possibility to identify privatevalue auction models. Second, in the asymmetric independent privatevalue model which is nonparametrically identied, we adapt Guerre,Perrigne and Vuong [10]'s two-stage estimation procedure. Our multistagekernel-based estimator achieves the optimal uniform convergencerate when identities are observed.

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Bibliographic Info

Paper provided by Centre de Recherche en Economie et Statistique in its series Working Papers with number 2007-24.

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Length: 34
Date of creation: 2007
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Handle: RePEc:crs:wpaper:2007-24

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  1. repec:hal:wpaper:halshs-00586039 is not listed on IDEAS
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  42. repec:hal:wpaper:halshs-00564888 is not listed on IDEAS
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Cited by:
  1. Laurent Lamy, 2008. "The econometrics of auctions with asymmetric anonymous bidders," PSE Working Papers halshs-00586039, HAL.

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