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Uniform-price auctions without exogenous uncertainty: an experimental study
(Centro de Investigación y Docencia Económicas, División de Economía, 2007)
This paper reports results of an experimental study of uniform multi-unit auctions in an environment of publicly known common values. We find that the bidding behavior exhibits two clear regularities: agents consistently ...
Network structure in a link-formation game: an experimental study
(Centro de Investigación y Docencia Económicas, División de Economía, 2007)
Network formation is frequently modeled using link-formation games and typically present a multiplicity of Nash equilibria. Cooperative refinements —such as strong or coalitional proof Nash equilibria— have been the standard ...
Semi-empirical likelihood estimation of manufacturing interaction-based model with asymmetric information
(Centro de Investigación y Docencia Económicas, División de Economía, 2011)
A semi-empirical likelihood estimator is proposed for models where agents interact under asymmetric information. The methodology focuses on situations where some variables that were privately observed when choices were ...