A Bayesian Approach To The Econometrics Of First-Price Auctions (1998)
by
Gian Luigi Albano
,
Gian Luigi
,
Frederic Jouneau
,
Université De Lille
| Citations: | 3 - 1 self |
BibTeX
@MISC{Albano98abayesian,
author = {Gian Luigi Albano and Gian Luigi and Frederic Jouneau and Université De Lille},
title = {A Bayesian Approach To The Econometrics Of First-Price Auctions},
year = {1998}
}
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Abstract
We propose a Bayesian approach to empirical auction models. We argue that the Bayesian paradigm is more suitable to the study of empirical strategic models than its frequentist counterpart. We perform an estimation of our model on an auction of hand-made miniature sculptures organized by Christie's in London.
