Estimation of a Dynamic Auction Game
动态拍卖博弈的估计
This paper proposes an estimation method for a repeated auction game under the presence of capacity contraints.The estimation strategy is computationally simple as it does not require solving for the equilibrium of the game.It uses a two stage approach.In the first stage the distribution of bids conditional on state variables is estimated using data on bids, bidder characteristics and contract characteristics.In the second stage, an expression of the expected sum of future…