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Partial identification and testable restrictions in multi-unit auctions

Publication ,  Journal Article
McAdams, D
Published in: Journal of Econometrics
September 1, 2008

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.

Duke Scholars

Published In

Journal of Econometrics

DOI

ISSN

0304-4076

Publication Date

September 1, 2008

Volume

146

Issue

1

Start / End Page

74 / 85

Related Subject Headings

  • Econometrics
  • 4905 Statistics
  • 3802 Econometrics
  • 3801 Applied economics
  • 1403 Econometrics
  • 1402 Applied Economics
  • 0104 Statistics
 

Citation

APA
Chicago
ICMJE
MLA
NLM
McAdams, D. (2008). Partial identification and testable restrictions in multi-unit auctions. Journal of Econometrics, 146(1), 74–85. https://doi.org/10.1016/j.jeconom.2008.07.003
McAdams, D. “Partial identification and testable restrictions in multi-unit auctions.” Journal of Econometrics 146, no. 1 (September 1, 2008): 74–85. https://doi.org/10.1016/j.jeconom.2008.07.003.
McAdams D. Partial identification and testable restrictions in multi-unit auctions. Journal of Econometrics. 2008 Sep 1;146(1):74–85.
McAdams, D. “Partial identification and testable restrictions in multi-unit auctions.” Journal of Econometrics, vol. 146, no. 1, Sept. 2008, pp. 74–85. Scopus, doi:10.1016/j.jeconom.2008.07.003.
McAdams D. Partial identification and testable restrictions in multi-unit auctions. Journal of Econometrics. 2008 Sep 1;146(1):74–85.
Journal cover image

Published In

Journal of Econometrics

DOI

ISSN

0304-4076

Publication Date

September 1, 2008

Volume

146

Issue

1

Start / End Page

74 / 85

Related Subject Headings

  • Econometrics
  • 4905 Statistics
  • 3802 Econometrics
  • 3801 Applied economics
  • 1403 Econometrics
  • 1402 Applied Economics
  • 0104 Statistics