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Need for Speed: Demand Estimation Using Auction Data

Rutgers University, Economics Working Paper

35 Pages Posted: 8 Nov 2001  

Octavian Carare

Federal Communications Commission (FCC)

Date Written: November 2001

Abstract

We estimate demand for personal computer processors using structural estimation of valuations and data from Internet multi-object discriminatory auctions. Three models of bidding and a suitable econometric procedure are used to compute the parameters that govern the distribution of the buyers' marginal valuations. We use our estimates to assess the impact of processor-specific variables on demand and to provide an estimate of the cost of bidding.

Keywords: Structural estimation, multi-unit auctions, semi-parametric methods

JEL Classification: D44, C14

Suggested Citation

Carare, Octavian, Need for Speed: Demand Estimation Using Auction Data (November 2001). Rutgers University, Economics Working Paper. Available at SSRN: https://ssrn.com/abstract=289348 or http://dx.doi.org/10.2139/ssrn.289348

Octavian Carare (Contact Author)

Federal Communications Commission (FCC) ( email )

445 12th Street SW
Rm. TW-B204
Washington, DC 20554
United States

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