07-041/3 - If Winning isn't Everything, why do they keep Score? A Structural Empirical Analysis of Dutch Flower Auctions

Authors

Gerard J. van den Berg, Vrije Universiteit Amsterdam; Bas van der Klaauw, Vrije Universiteit Amsterdam
Publication date

May 30, 2007

Keywords

first-price auction; private value; speed of reaction; observing losing bids; data augmentation; Gibbs sampling; Markov Chain Monte Carlo; reserve price
JEL

C11; D44

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