메뉴 건너뛰기




Volumn 21, Issue 1, 2003, Pages 53-64

Semiparametric estimation of the optimal reserve price in first-price auctions

Author keywords

Affiliated private value; OCS wildcat auction; Semiparametric extremum estimator

Indexed keywords


EID: 0037237468     PISSN: 07350015     EISSN: None     Source Type: Journal    
DOI: 10.1198/073500102288618757     Document Type: Article
Times cited : (31)

References (35)
  • 1
    • 0003698154 scopus 로고
    • Cambridge, MA: Harvard University Press
    • Amemiya, T. (1985), Advanced Econometrics, Cambridge, MA: Harvard University Press.
    • (1985) Advanced Econometrics
    • Amemiya, T.1
  • 2
    • 0001874562 scopus 로고
    • Asymptotics for semiparametric econometric models via stochastic equicontinuity
    • Andrews, D. W. K. (1994), "Asymptotics for Semiparametric Econometric Models via Stochastic Equicontinuity," Econometrica, 62, 43-72.
    • (1994) Econometrica , vol.62 , pp. 43-72
    • Andrews, D.W.K.1
  • 3
    • 21844508934 scopus 로고
    • Nonparametric kernel estimation for semiparametric models
    • _ (1995), "Nonparametric Kernel Estimation for Semiparametric Models," Econometrica, 11, 560-596.
    • (1995) Econometrica , vol.11 , pp. 560-596
  • 4
    • 0000360523 scopus 로고
    • Distribution free tests of independence based on the sample distribution function
    • Blum, J. R., Kiefer, J., and Rosenblatt, M. (1961), "Distribution Free Tests of Independence Based on the Sample Distribution Function," Annals of Mathematical Statistics, 32, 485-498.
    • (1961) Annals of Mathematical Statistics , vol.32 , pp. 485-498
    • Blum, J.R.1    Kiefer, J.2    Rosenblatt, M.3
  • 5
    • 0002344794 scopus 로고
    • Bootstrap methods: Another look at the jackknife
    • Efron, B. (1979), "Bootstrap Methods: Another Look at the Jackknife," Annals of Statistics, 7, 1-26.
    • (1979) Annals of Statistics , vol.7 , pp. 1-26
    • Efron, B.1
  • 6
    • 0000621414 scopus 로고    scopus 로고
    • Optimal nonparametric estimation of first-price auctions
    • Guerre, E., Perrigne, I., and Vuong, Q. (2000), "Optimal Nonparametric Estimation of First-Price Auctions," Econometrica, 68, 525-574.
    • (2000) Econometrica , vol.68 , pp. 525-574
    • Guerre, E.1    Perrigne, I.2    Vuong, Q.3
  • 8
    • 0000280395 scopus 로고
    • Allocation mechanisms and the design of auctions
    • Harris, M., and Raviv, A. (1981), "Allocation Mechanisms and the Design of Auctions," Econometrica, 49, 1477-1499.
    • (1981) Econometrica , vol.49 , pp. 1477-1499
    • Harris, M.1    Raviv, A.2
  • 9
    • 0001718616 scopus 로고
    • A survey of recent empirical work concerning auctions
    • Hendricks, K., and Paarsch, H. J. (1995), "A Survey of Recent Empirical Work Concerning Auctions," Canadian Journal of Economics, 28, 403-426.
    • (1995) Canadian Journal of Economics , vol.28 , pp. 403-426
    • Hendricks, K.1    Paarsch, H.J.2
  • 11
    • 84929064264 scopus 로고
    • Random reservation prices and bidding behavior in OCS drainage auctions
    • Hendricks, K., Porter, R., and Spady, R. (1989), "Random Reservation Prices and Bidding Behavior in OCS Drainage Auctions," Journal of Law and Economics, 32, 83-106.
    • (1989) Journal of Law and Economics , vol.32 , pp. 83-106
    • Hendricks, K.1    Porter, R.2    Spady, R.3
  • 12
    • 0000333598 scopus 로고
    • Auctions for oil and gas leases with an informed bidder and a random reservation price
    • Hendricks, K., and Wilson, C. (1994), "Auctions for Oil and Gas Leases with an Informed Bidder and a Random Reservation Price," Econometrica, 62, 1415-1444.
    • (1994) Econometrica , vol.62 , pp. 1415-1444
    • Hendricks, K.1    Wilson, C.2
  • 13
    • 2142689567 scopus 로고    scopus 로고
    • The bootstrap
    • (in press), eds. J. Heckman and E. Leamer, Amsterdam: North-Holland
    • Horowitz, J. L. (in press), "The Bootstrap," in Handbook of Econometrics (Vol. 5), eds. J. Heckman and E. Leamer, Amsterdam: North-Holland.
    • Handbook of Econometrics , vol.5
    • Horowitz, J.L.1
  • 14
    • 0001411880 scopus 로고
    • Information impact and allocation rules in auctions with affiliated private values: A laboratory study
    • Kagel, J. H., Harstad, R. M., and Levin, D. (1987), "Information Impact and Allocation Rules in Auctions with Affiliated Private Values: A Laboratory Study," Econometrica, 55, 1275-1304.
    • (1987) Econometrica , vol.55 , pp. 1275-1304
    • Kagel, J.H.1    Harstad, R.M.2    Levin, D.3
  • 15
    • 0000275271 scopus 로고
    • Optimal reservation price in the vickrey auction
    • Laffont, J. J., and Maskin, E. (1980), "Optimal Reservation Price in the Vickrey Auction," Economics Letters, 6, 309-313.
    • (1980) Economics Letters , vol.6 , pp. 309-313
    • Laffont, J.J.1    Maskin, E.2
  • 16
    • 0029180568 scopus 로고
    • Econometrics of first-price auctions
    • Laffont, J. J., Ossard, H., and Vuong, Q. (1995), "Econometrics of First-Price Auctions," Econometrica, 63, 953-980.
    • (1995) Econometrica , vol.63 , pp. 953-980
    • Laffont, J.J.1    Ossard, H.2    Vuong, Q.3
  • 17
    • 0012683171 scopus 로고    scopus 로고
    • Optimal reservation prices in auctions
    • Levin, D., and Smith, J. L. (1996), "Optimal Reservation Prices in Auctions," The Economic Journal, 106, 1271-1283.
    • (1996) The Economic Journal , vol.106 , pp. 1271-1283
    • Levin, D.1    Smith, J.L.2
  • 18
    • 0001033643 scopus 로고    scopus 로고
    • Conditionally independent private information in OCS wildcat auctions
    • Li, T., Perrigne, I., and Vuong, Q. (2000), "Conditionally Independent Private Information in OCS Wildcat Auctions," Journal of Econometrics, 98, 129-161.
    • (2000) Journal of Econometrics , vol.98 , pp. 129-161
    • Li, T.1    Perrigne, I.2    Vuong, Q.3
  • 19
    • 0036334315 scopus 로고    scopus 로고
    • Structural estimation of the affiliated private value auction model
    • _ (2002), "Structural Estimation of the Affiliated Private Value Auction Model," Rand Journal of Economics, 33, 171-193.
    • (2002) Rand Journal of Economics , vol.33 , pp. 171-193
  • 20
    • 0001226487 scopus 로고
    • Optimal auctions with risk averse buyers
    • Maskin, E., and Riley, J. (1984), "Optimal Auctions with Risk Averse Buyers," Econometrica, 52, 1473-1518.
    • (1984) Econometrica , vol.52 , pp. 1473-1518
    • Maskin, E.1    Riley, J.2
  • 22
    • 0001757115 scopus 로고
    • A theory of auctions and competitive bidding
    • Milgrom, P. R., and Weber, R. J. (1982), "A Theory of Auctions and Competitive Bidding," Econometrica, 50, 1089-1122.
    • (1982) Econometrica , vol.50 , pp. 1089-1122
    • Milgrom, P.R.1    Weber, R.J.2
  • 24
    • 0000133467 scopus 로고
    • The asymptotic variance of semiparametric estimators
    • Newey, W. K. (1994), "The Asymptotic Variance of Semiparametric Estimators," Econometrica, 62, 1349-1382.
    • (1994) Econometrica , vol.62 , pp. 1349-1382
    • Newey, W.K.1
  • 25
    • 70350096085 scopus 로고
    • Large sample estimation and hypothesis testing
    • eds. R. Engle and D. McFadden, Amsterdam: North-Holland
    • Newey, W. K., and McFadden, D. (1994), "Large Sample Estimation and Hypothesis Testing," in Handbook of Econometrics (Vol. 4), eds. R. Engle and D. McFadden, Amsterdam: North-Holland.
    • (1994) Handbook of Econometrics , vol.4
    • Newey, W.K.1    McFadden, D.2
  • 26
    • 0001643565 scopus 로고
    • A limit theorem for a smooth class of semiparametric estimators
    • Olley, S., and Pakes, A. (1995), "A Limit Theorem for a Smooth Class of Semiparametric Estimators," Journal of Econometrics, 65, 295-332.
    • (1995) Journal of Econometrics , vol.65 , pp. 295-332
    • Olley, S.1    Pakes, A.2
  • 27
    • 0000335511 scopus 로고
    • Deciding between the common and private value paradigms in empirical models of auctions
    • Paarsch, H. J. (1992), "Deciding Between the Common and Private Value Paradigms in Empirical Models of Auctions," Journal of Econometrics, 51, 191-215.
    • (1992) Journal of Econometrics , vol.51 , pp. 191-215
    • Paarsch, H.J.1
  • 28
    • 0001508630 scopus 로고    scopus 로고
    • Deriving an estimate of the optimal reserve price: An application to British Columbian timber sales
    • _ (1997), "Deriving an Estimate of the Optimal Reserve Price: An Application to British Columbian Timber Sales," Journal of Econometrics, 78, 333-357.
    • (1997) Journal of Econometrics , vol.78 , pp. 333-357
  • 29
    • 0033266575 scopus 로고    scopus 로고
    • Structural econometrics of first-price auctions: A survey of methods
    • Perrigne, I., and Vuong, Q. (1999), "Structural Econometrics of First-Price Auctions: A Survey of Methods," Canadian Journal of Agricultural Economics, 47, 203-223.
    • (1999) Canadian Journal of Agricultural Economics , vol.47 , pp. 203-223
    • Perrigne, I.1    Vuong, Q.2
  • 30
    • 0001852203 scopus 로고
    • The role of information in U.S. offshore oil and gas lease auctions
    • Porter, R. (1995), "The Role of Information in U.S. Offshore Oil and Gas Lease Auctions," Econometrica, 63, 1-27.
    • (1995) Econometrica , vol.63 , pp. 1-27
    • Porter, R.1
  • 31
    • 34250369101 scopus 로고
    • Estimation of semiparametric models
    • eds. R. Engle and D. McFadden, Amsterdam: North-Holland
    • Powell, J. L. (1994), "Estimation of Semiparametric Models," in Handbook of Econometrics (Vol. 4), eds. R. Engle and D. McFadden, Amsterdam: North-Holland.
    • (1994) Handbook of Econometrics , vol.4
    • Powell, J.L.1
  • 33
    • 0000439527 scopus 로고
    • Optimal rates of convergence for nonparametric regressions
    • Stone, C. J. (1982), "Optimal Rates of Convergence for Nonparametric Regressions," Annals of Statistics, 10, 1040-1053.
    • (1982) Annals of Statistics , vol.10 , pp. 1040-1053
    • Stone, C.J.1
  • 35
    • 84980096808 scopus 로고
    • Counterspeculation, auctions, and sealed tenders
    • Vickrey, W. (1961), "Counterspeculation, Auctions, and Sealed Tenders," Journal of Finance, 16, 8-37.
    • (1961) Journal of Finance , vol.16 , pp. 8-37
    • Vickrey, W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.