Partial identification and testable restrictions in multi-unit auctions

A-Tier
Journal: Journal of Econometrics
Year: 2008
Volume: 146
Issue: 1
Pages: 74-85

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Bidders' values in discriminatory and uniform-price auctions are not necessarily point-identified under the assumptions of equilibrium bidding and independent private values, but meaningful policy analysis can proceed from bounds on bidder values. This paper provides upper and lower bounds on the set of values that can rationalize a given distribution of bids, under the additional (and standard) assumption of non-increasing marginal values. Novel testable implications of the best response hypothesis are also provided, again under the assumption of non-increasing marginal values.

Technical Details

RePEc Handle
repec:eee:econom:v:146:y:2008:i:1:p:74-85
Journal Field
Econometrics
Author Count
1
Added to Database
2026-01-26