Jump to ContentJump to Main Navigation
Show Summary Details
More options …

Journal of Econometric Methods

Ed. by Giacomini, Raffaella / Li, Tong

1 Issue per year

Online
ISSN
2156-6674
See all formats and pricing
More options …

Structural Econometric Methods in Auctions: A Guide to the Literature

Brent R. Hickman / Timothy P. Hubbard / Yiğit Sağlam
Published Online: 2012-08-24 | DOI: https://doi.org/10.1515/2156-6674.1019

Abstract

Auction models have proved to be attractive to structural econometricians who, since the late 1980s, have made substantial progress in identifying and estimating these rich game-theoretic models of bidder behavior. We provide a guide to the literature in which we contrast the various informational structures (paradigms) commonly assumed by researchers and uncover the evolution of the field. We highlight major contributions within each paradigm and benchmark modifications and extensions to these core models. Lastly, we discuss special topics that have received substantial attention among auction researchers in recent years, including auctions with risk-averse bidders, unobserved auction-specific heterogeneity, accounting for an unobserved number of bidders as well as endogenous entry, auction dynamics, testing informational paradigms, and auctions for multiple objects.

Keywords: auctions; structural econometrics.

About the article

Published Online: 2012-08-24


Citation Information: Journal of Econometric Methods, Volume 1, Issue 1, Pages 67–106, ISSN (Online) 2156-6674, DOI: https://doi.org/10.1515/2156-6674.1019.

Export Citation

©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston.Get Permission

Citing Articles

Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.

[1]
Brent R. Hickman and Timothy P. Hubbard
Journal of Applied Econometrics, 2015, Volume 30, Number 5, Page 739

Comments (0)

Please log in or register to comment.
Log in