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Econometrics of first Price Auctions: a Survey of the Theoretical and Applied Literature

Author

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  • Maria Florencia Gabrielli

    (Universidad Nacional de Cuyo/CONICET)

Abstract

Analizar mercados de subastas comprende un área activa de investigación, tanto en el plano teórico como empírico. Este trabajo contiene una revisión de la literatura relevante para realizar econometría de subastas desde la perspectiva del enfoque estructural. El enfoque estructural es un marco para analizar datos de subastas en el cual la teoría y la econometría están estrechamente vinculadas. Hay tres aspectos fundamentales para el enfoque estructural: (i) Existen restricciones testeables impuestas desde el modelo teórico sobre los datos? (ii) Es posible identificar a los elementos estructurales que caracterizan una subasta sin tener que recurrir a información paramétrica a priori? (iii) Que puede decirse sobre procedimientos implementables de estimación que no se basen en supuestos paramétricos? Esta recopilación muestra como la literatura sobre el enfoque estructural ha respondido a cada una de estas preguntas.

Suggested Citation

  • Maria Florencia Gabrielli, 2023. "Econometrics of first Price Auctions: a Survey of the Theoretical and Applied Literature," Working Papers 252, Red Nacional de Investigadores en Economía (RedNIE).
    • Handle: RePEc:aoz:wpaper:252
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    File URL: https://rednie.eco.unc.edu.ar/files/DT/252.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Subastas; Enfoque Estructural; Colusión; Estimación No Paramétrica; Polinomios Locales;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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