Structural econometric studies on auctions have mainly focused on the independentprivate value paradigm. In this paper, we are interested in the “opposite” caseknown as the pure common value model. More precisely, we restrict our attentionto a common value model defined by two functions :...

In this paper, we investigate whether French consumers have modified their preferences towards environmentally-friendly vehicles between 2003 and 2008. We estimate a model of demand for automobiles incorporating both consumers’ heterogeneity and CO2 emissions of the vehicles. Our results show...

The adverse selection model is a principal-agent model defined by the objective functionof the principal, the agents’ utility function and the distribution of agents’ types. We provethat the nonparametric identification of this model requires the knowledge of at least one ofthe three...