Search Results - subject:"private-values model"

Teorija i prikladnye formaty aukcionov: kratkij obzor

Vorobʹev, V. A.; Žabenok, I. V. - In: Belorusskij ėkonomičeskij žurnal : ežekvartalʹnyj … 93 (2020) 4, pp. 4-19

Persistent link: https://www.econbiz.de/10012496624

On the Numerical Solution of Equilibria in Auction Models with Asymmetries within the Private-Values Paradigm

Hubbard, Timothy P.; Paarsch, Harry J. - Collegio Carlo Alberto, Università degli Studi di Torino - 2012

We describe and compare numerical methods used to approximate equilibrium bid functions in models of auctions as games of incomplete information. In such games, private values are modelled as draws from bidder-specific type distributions and pay-your-bid rules are used to determine transactions...

Persistent link: https://www.econbiz.de/10010617583

Chapter 2. On the Numerical Solution of Equilibria in Auction Models with Asymmetries within the Private-Values Paradigm

Hubbard, Timothy P.; Paarsch, Harry J. - In: Handbook of computational economics : volume 3, (pp. 37-115). 2014

We describe and compare numerical methods used to approximate equilibrium bid functions in models of auctions as games of incomplete information. In such games, private values are modeled as draws from bidder-specific type distributions and pay-your-bid rules are used to determine transactions...

Persistent link: https://www.econbiz.de/10014025720