Deriving an estimate of the optimal reserve price: An application to British Columbian timber sales
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Paarsch, Harry J., 1992. "Deciding between the common and private value paradigms in empirical models of auctions," Journal of Econometrics, Elsevier, vol. 51(1-2), pages 191-215.
- Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-333, March.
- Riley, John G & Samuelson, William F, 1981.
"Optimal Auctions,"
American Economic Review, American Economic Association, vol. 71(3), pages 381-392, June.
- John G. Riley & William Samuelson, 1979. "Optimal Auctions," UCLA Economics Working Papers 152, UCLA Department of Economics.
- Maskin, Eric S & Riley, John G, 1984.
"Optimal Auctions with Risk Averse Buyers,"
Econometrica, Econometric Society, vol. 52(6), pages 1473-1518, November.
- J. Riley & E. Maskin, 1981. "Optimal Auctions with Risk Averse Buyers," Working papers 311, Massachusetts Institute of Technology (MIT), Department of Economics.
- White, Halbert, 1982. "Maximum Likelihood Estimation of Misspecified Models," Econometrica, Econometric Society, vol. 50(1), pages 1-25, January.
- Milgrom, Paul R & Weber, Robert J, 1982.
"A Theory of Auctions and Competitive Bidding,"
Econometrica, Econometric Society, vol. 50(5), pages 1089-1122, September.
- Paul Milgrom & Robert J. Weber, 1981. "A Theory of Auctions and Competitive Bidding," Discussion Papers 447R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, March.
- McAfee, R Preston & McMillan, John, 1987.
"Auctions and Bidding,"
Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
- R Preston McAfee & John McMillan, 1986. "Auctions and Bidding," University of Western Ontario, Departmental Research Report Series 8601, University of Western Ontario, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hon-Snir, Shlomit & Monderer, Dov & Sela, Aner, 1998.
"A Learning Approach to Auctions,"
Journal of Economic Theory, Elsevier, vol. 82(1), pages 65-88, September.
- Shlomit Hon-Snir & Dov Monderer & Aner Sela, 1996. "A Learning Approach to Auctions," Game Theory and Information 9610004, University Library of Munich, Germany, revised 07 Oct 1996.
- Hon-Snir, Shlomit & Monderer, Dov & Sela, Aner, 1997. "A learning approach to auctions," Papers 97-11, Sonderforschungsbreich 504.
- Hon-Suir, S. & Monderer, Dov & Sela, Aner, 1997. "A learning approach to auctions," Sonderforschungsbereich 504 Publications 97-11, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Atanu R. Sinha & Eric A. Greenleaf, 2000. "The Impact of Discrete Bidding and Bidder Aggressiveness on Sellers' Strategies in Open English Auctions: Reserves and Covert Shilling," Marketing Science, INFORMS, vol. 19(3), pages 244-265, May.
- Li, Huagang & Riley, John G., 2007. "Auction choice," International Journal of Industrial Organization, Elsevier, vol. 25(6), pages 1269-1298, December.
- Hannu Vartiainen, 2003.
"Auction Design without Commitment,"
Working Papers
2003.24, Fondazione Eni Enrico Mattei.
- Hannu Vartiainen, 2009. "Auction Design without Commitment," Discussion Papers 44, Aboa Centre for Economics.
- Tong Li, 2005. "Econometrics of first-price auctions with entry and binding reservation prices," Journal of Econometrics, Elsevier, vol. 126(1), pages 173-200, May.
- Zheng, Xiaoyong, 2009. "Quantifying the cost of excess market thickness in timber sale auctions," International Journal of Industrial Organization, Elsevier, vol. 27(5), pages 553-566, September.
- Gustavo Vulcano & Garrett van Ryzin & Costis Maglaras, 2002. "Optimal Dynamic Auctions for Revenue Management," Management Science, INFORMS, vol. 48(11), pages 1388-1407, November.
- Lorentziadis, Panos L., 2016. "Optimal bidding in auctions from a game theory perspective," European Journal of Operational Research, Elsevier, vol. 248(2), pages 347-371.
- Laffont, Jean-Jacques, 1997.
"Game theory and empirical economics: The case of auction data 1,"
European Economic Review, Elsevier, vol. 41(1), pages 1-35, January.
- Laffont, J.J., 1996. "Game Theory and Empirical Economics: The Case of Auction Data," Papers 95.394, Toulouse - GREMAQ.
- David Lucking-Reiley, 1999.
"Using Field Experiments to Test Equivalence between Auction Formats: Magic on the Internet,"
American Economic Review, American Economic Association, vol. 89(5), pages 1063-1080, December.
- David Lucking-Reiley, 1999. "Using field experiments to test equivalence between auction formats: Magic on the internet," Framed Field Experiments 00183, The Field Experiments Website.
- Szentes, Balazs, 2005. "Equilibrium transformations and the Revenue Equivalence Theorem," Journal of Economic Theory, Elsevier, vol. 120(2), pages 175-205, February.
- Nathalie Gimenes, 2014. "Econometrics of Ascending Auctions by Quantile Regression," Working Papers, Department of Economics 2014_25, University of São Paulo (FEA-USP).
- Committee, Nobel Prize, 2020. "Improvements to auction theory and inventions of new auction formats," Nobel Prize in Economics documents 2020-2, Nobel Prize Committee.
- Roberto Burguet, 2000.
"Auction theory: a guided tour,"
Investigaciones Economicas, Fundación SEPI, vol. 24(1), pages 3-50, January.
- Burguet, R., 1998. "Auction Theory: a Guided Tour," UFAE and IAE Working Papers 422.98, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Jean-Jacques Laffont, 1998. "Théorie des jeux et économie empirique : le cas des données issues d'enchères," Économie et Prévision, Programme National Persée, vol. 132(1), pages 121-137.
- Hu, Audrey & Offerman, Theo & Zou, Liang, 2011. "Premium auctions and risk preferences," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2420-2439.
- Matthews, Steven, 1987.
"Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View,"
Econometrica, Econometric Society, vol. 55(3), pages 633-646, May.
- Steven A. Matthews, 1985. "Comparing Auctions for Risk Averse Buyers: A Buyer's Pointof View," Discussion Papers 664R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jacob K. Goeree & Theo Offerman, 2003.
"Competitive Bidding in Auctions with Private and Common Values,"
Economic Journal, Royal Economic Society, vol. 113(489), pages 598-613, July.
- Jacob K. Goeree & Theo Offerman, 1999. "Competitive Bidding in Auctions with Private and Common Values," Virginia Economics Online Papers 337, University of Virginia, Department of Economics.
- Jacob K. Goeree & Theo Offerman, 2000. "Competitive Bidding in Auctions with Private and Common Values," Tinbergen Institute Discussion Papers 00-044/1, Tinbergen Institute.
- Giuseppe Lopomo, 2004. "Optimality and Robustness of the English Auction," Levine's Bibliography 122247000000000391, UCLA Department of Economics.
- Hu, Youxin & Kagel, John & Xu, Xiaoshu & Ye, Lixin, 2013.
"Theoretical and experimental analysis of auctions with negative externalities,"
Games and Economic Behavior, Elsevier, vol. 82(C), pages 269-291.
- Hu, Youxin & Kagel, John & Xu, Xiaoshu & Ye, Lixin, 2012. "Theoretical and Experimental Analysis of Auctions with Negative Externalities," MPRA Paper 47060, University Library of Munich, Germany.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:econom:v:78:y:1997:i:2:p:333-357. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jeconom .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.