Econometrics of Auctions and Nonlinear Pricing
这篇综述梳理了首价密封拍卖和非线性定价的计量经济学文献,涵盖基准模型、识别方法及非参数估计,并指出该领域未来将超越拍卖与定价本身,延伸至价格形成与市场组织机制。
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.