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A Comparison of Estimators for Empirical Models of Auction

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  • Paarsch, H.J.

Abstract

Using structural econometric models of equilibrium behaviour in games with incomplete information to intrepret field data from auctions has become increasingly widespread. Several different estimation strategies now exist. In this paper, I compare the performance of these different estimators using a stylized empirical model of a procurement auction within the independent private values paradigm.
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Suggested Citation

  • Paarsch, H.J., 1992. "A Comparison of Estimators for Empirical Models of Auction," University of Western Ontario, Departmental Research Report Series 9210, University of Western Ontario, Department of Economics.
    • Handle: RePEc:uwo:uwowop:9210
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    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1623&context=economicsresrpt
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    Cited by:

    1. Beckert, Walter & McFadden, Daniel L., 2010. "Maximal Uniform Convergence Rates In Parametric Estimation Problems," Econometric Theory, Cambridge University Press, vol. 26(2), pages 469-500, April.
    2. Bourgeon, Jean-Marc & Le Roux, Yves, 1996. "Tenders for European Cereal Export Refunds: A Structural Approach," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 23(1), pages 5-26.
    3. Donald, Stephen G. & Paarsch, Harry J., 2002. "Superconsistent estimation and inference in structural econometric models using extreme order statistics," Journal of Econometrics, Elsevier, vol. 109(2), pages 305-340, August.
    4. Klonner, Stefan, 2003. "Buying Fields and Marrying Daughters: An Empirical Analysis of Rosca Auctions in a South Indian Village," Center Discussion Papers 28449, Yale University, Economic Growth Center.
    5. Jean-Marc Bourgeon & Yves Le Roux, 1995. "Politique européenne d'exportation de céréales et comportements des opérateurs : une analyse économétrique des adjudications de restitutions," Économie et Prévision, Programme National Persée, vol. 117(1), pages 31-48.
    6. Stefan Klonner, 2003. "Empirical Analysis of Rosca Auctions in a South Indian Village," Working Papers 854, Economic Growth Center, Yale University.

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