ALBANO, Gian Luigi; JOUNEAU, Fréféric - Center for Operations Research and Econometrics (CORE), … - 1998
We propose a Bayesian approach to empirical auction models. We argue that the Bayesian paradigm is more suitable to the study of empirical strategic models than its frequentist counterpart. We perform an estimation of our model on an auction of hand-made miniature sculptures organized by...