Zobrazeno 1 - 2
of 2
pro vyhledávání: '"Hanna Charankevich"'
We propose an empirical method to analyze data from first-price procurements where bidders are asymmetric in their risk-aversion (CRRA) coefficients and distributions of private costs. Our Bayesian approach evaluates the likelihood by solving type-sy
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::312caea558bd5c3e24c455269b887511
http://arxiv.org/abs/2111.04626
http://arxiv.org/abs/2111.04626
Publikováno v:
SSRN Electronic Journal.
We study asymmetric first-price procurements with unobserved heterogeneity and asymmetric risk-aversion. For this model, we propose a new empirical method that allows us to predict the expected procurement cost at any reserve price. Being able to per
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a3a2a6a6dcf05e739a73f2372628177f
https://doi.org/10.2139/ssrn.3500268
https://doi.org/10.2139/ssrn.3500268
