Need for Speed: Demand Estimation Using Auction Data
Federal Communications Commission (FCC)
Rutgers University, Economics Working Paper
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.
Number of Pages in PDF File: 35
Keywords: Structural estimation, multi-unit auctions, semi-parametric methods
JEL Classification: D44, C14
Date posted: November 8, 2001