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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