作者：LAFFONT, JJ; OSSARD, H; VUONG, Q
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; INRAE; University of Southern California
摘要：In this paper we propose an estimation method for the empirical study of theoretical acuction models. We focus on first-price sealed bid and descending auctions and we adopt the private value paradigm, where each bidder is assumed to have a different private value, only known to him, for the object that is auctioned. Following McFadden (1989) and Pakes and Pollard (1989), our proposed method is based on simulations. Specifically, the method relies on a simulated nonlinear least squares objecti...
作者：GOLDBERG, PK
摘要：This paper develops and estimates a model of the U.S. Automobile Industry. On the demand side, a discrete choice model is adopted, that is estimated using micro data from the Consumer Expenditure Survey. The estimation results are used in conjunction with population weights to derive aggregate demand. On the supply side, the automobile industry is modelled as an oligopoly with product differentiation. Equilibrium is characterized by the first order conditions of the profit maximizing firms. Th...
