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Partial identification and testable restrictions in multi-unit auctions
| Content Provider | Semantic Scholar |
|---|---|
| Author | McAdams, David |
| Copyright Year | 2007 |
| 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. © 2008 Elsevier B.V. All rights reserved. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://faculty.fuqua.duke.edu/~dm121/papers/mcadams_multiunit_identify.pdf |
| Alternate Webpage(s) | https://faculty.fuqua.duke.edu/~dm121/papers/mcadams_multiunit_identify.pdf |
| Alternate Webpage(s) | https://dukespace.lib.duke.edu/dspace/bitstream/handle/10161/1901/McAdams_partial_identification_and_testable_restrictions.pdf;jsessionid=48560484BAD44E1F55323262A4D8C40A?sequence=1 |
| Alternate Webpage(s) | https://faculty.fuqua.duke.edu/~dm121/PhD%20auction/auction-2008/papers/McAdams.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Best practice Email Isabelle Marginal model Nash equilibrium Rhexia virginica Roberto Busa Rudbeckia hirta, black eyed Susan, flower essence Steven Anson Coons Susan Owicki Tom Duff |
| Content Type | Text |
| Resource Type | Article |
