Gabrielli, M F (2009) Structural analysis of auction models. PhD thesis, Pennsylvania State University, USA.
Abstract
The analysis of auctions is an active area of research for both theoretical and empirical economists. Concentrating on a particular auction format, namely the First–Price Sealed–Bid auction, this dissertation contributes to the analysis of auction both from a methodological viewpoint and from a more applied perspective. The first chapter of this dissertation provides and overview of the literature relevant to this thesis. There, we review the theoretical background to auction models, collusion and the econometric literature on nonparametric estimators. Chapter 2 proposes a semiparametric estimator for the distribution of private values within the class of indirect methods that have been analyzed using the so–called structural approach to estimate auction models. The proposed estimator is shown to have desirable statistical properties namely, it is consistent and has an asymptotic normal distribution. Moreover, the estimator attains the parametric rate of convergence. Chapter 3 concentrates on the study of collusion in auctions. The main objective of chapter 3 is twofold. First, to provide a methodology to detect collusion using a structural approach, and second to apply the methodology to field data on procurement auctions for highway construction in California.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Pinkse, J |
| Uncontrolled Keywords: | collusion; highway; econometric; estimator |
| Index terms: | econometric, dissertation, estimate, highway construction, collusion, structural analysis, estimator, methodology |
| Subjects: | profession, research dissemination and communication, economic analysis, financial and cost management, structural engineering, tendering, civil engineering, research methods |
| Topics: | Procurement, Engineering Principles, Roles and Professions, Research Practice, Cost Management, Business Strategy |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here