IDEAS home Printed from https://ideas.repec.org/p/hal/cesptp/hal-02922006.html
   My bibliography  Save this paper

Étude empirique de la demande dans les enchères de bons du Trésor

Author

Listed:
  • Raphaële Préget

    (CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - X - École polytechnique - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - CNRS - Centre National de la Recherche Scientifique, LEI - Laboratoire d'Economie Industrielle - Centre de Recherche en Économie et STatistique (CREST), EUREQUA - Equipe Universitaire de Recherche en Economie Quantitative - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Patrick Waelbroeck

    (ECARES - European Center for Advanced Research in Economics and Statistics - ULB - Université libre de Bruxelles)

Abstract

Cet article propose d'étudier empiriquement les fonctions de demande agrégées observées dans les enchères de bons du Trésor français. Nous utilisons les résultats des 125 enchères discriminatoires de 1995 pour déterminer les facteurs qui affectent la forme des demandes observées. Nous procédons en deux étapes.Dans la première, nous estimons les courbes de demande par des fonctions logis-tiques. Dans la seconde étape, nous déterminons les variables qui expliquent la valeur des paramètres des fonctions logistiques d'une enchère à l'autre. Nos résultats offrent ainsi un outil de prévision de la demande pour les enchères à venir.

Suggested Citation

  • Raphaële Préget & Patrick Waelbroeck, 2002. "Étude empirique de la demande dans les enchères de bons du Trésor," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02922006, HAL.
    • Handle: RePEc:hal:cesptp:hal-02922006
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    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:hal:cesptp:hal-02922006. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.