Bayesian estimation of bidding process and bidder’s preference under shape restrictions
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DOI: 10.1007/s00181-020-01932-1
Abstract: This paper applies a novel nonparametric estimator to the modeling of auctions subject to shape restrictions. In particular, we employ a Bayesian estimator with a Gaussian process prior parameterized by a spectral representation. We use… read more here.
Keywords: estimation; shape; shape restrictions; bayesian estimation ... See more keywords
A winner’s curse in the bidding process for broadcasting rights in football? The cases of the French and UK markets
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DOI: 10.1080/17430437.2018.1505869
Abstract: Abstract The winner’s curse is a well-known phenomenon in the auction theory. The main aim of this article is to verify its existence in football broadcasting rights. The underlying objective is to assess whether some… read more here.
Keywords: football; broadcasting rights; curse bidding; process broadcasting ... See more keywords