Econometrics of Auctions and Nonlinear Pricing

Posted: 4 Sep 2019

Date Written: August 2019

Abstract

This review surveys the growing literature on the econometrics of first-price sealed-bid auctions and nonlinear pricing. The complexity of the economic models has initiated fruitful collaborations between econometrics and empirical research. We review the benchmark models and their extensions, the identification of the model primitives, and their nonparametric and semiparametric estimation. We discuss the future of the field, which goes beyond auctions and nonlinear pricing, as both can be viewed as economic mechanisms for price formation, allocation, and market organization.

Suggested Citation

Perrigne, Isabelle and Vuong, Quang, Econometrics of Auctions and Nonlinear Pricing (August 2019). Annual Review of Economics, Vol. 11, pp. 27-54, 2019. Available at SSRN: https://ssrn.com/abstract=3445887 or http://dx.doi.org/10.1146/annurev-economics-080218-025702

Isabelle Perrigne (Contact Author)

Rice University ( email )

6100 South Main Street
Houston, TX 77005-1892
United States

HOME PAGE: http://https://economics.rice.edu/faculty/isabelle-perrigne

Quang Vuong

New York University (NYU) ( email )

Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States

HOME PAGE: http://www.nyu-crate.org/team/quang-vuong-2/

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
83
PlumX Metrics