Serafin Grundl - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T01:28:24+00:00Identification and Estimation of Risk Aversion in First-Price Auctions with Unobserved Auction Heterogeneity
https://www.bankofcanada.ca/2016/05/staff-working-paper-2016-23/
This paper shows point identification in first-price auction models with risk aversion and unobserved auction heterogeneity by exploiting multiple bids from each auction and variation in the number of bidders. The required exclusion restriction is shown to be consistent with a large class of entry models.2016-05-09T08:48:48+00:00enIdentification and Estimation of Risk Aversion in First-Price Auctions with Unobserved Auction Heterogeneity2016-05-09Econometric and statistical methodsStaff Working Paper 2016-23https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-23.pdfIdentification and Estimation of Risk Aversion in First-Price Auctions with Unobserved Auction HeterogeneitySerafin GrundlYu ZhuMay 2016CC1C14C5C57DD4D44LL0L00