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On structural estimation and testing of auction theory: With emphasis on government procurement

Research Project

Project/Area Number 16K21231
Research Category

Grant-in-Aid for Young Scientists (B)

Allocation TypeMulti-year Fund
Research Field Economic policy
Economic statistics
Research InstitutionNagasaki University

Principal Investigator

MATSUKI Yusuke  長崎大学, 経済学部, 准教授 (10733660)

Project Period (FY) 2016-04-01 – 2020-03-31
Project Status Completed (Fiscal Year 2019)
Budget Amount *help
¥2,860,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥660,000)
Fiscal Year 2019: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2018: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2017: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Keywordsオークション理論 / 構造推定 / 境界効果 / 局所線形法 / 政府調達 / 仮説検定 / 検定
Outline of Final Research Achievements

In this study, we investigate intuitive and simple local linear estimation methods to address boundary effects and improve the estimation method in structure estimation of auction models. Two local linear methods for estimating the probability density function are compared. One method is to generate new data from the empirical distribution function and performs local linear regression, and the other method smooths the empirical distribution function directly. We run Monte Carlo simulations with both methods and compare the performance of the estimates. Based on our results, we conclude that the latter is better in the mean integrated squared error sense.

Academic Significance and Societal Importance of the Research Achievements

オークションモデルの構造推定には通常カーネル推定法が用いられる。カーネル推定は境界効果によりデータの極値付近で推定が不正確になりうるため、従来手法では境界付近でのサンプルを捨てていた。本研究では局所線形法によるこの問題の解決法を提案している。これによりシンプルな手法で全てのデータを使用したモデルの推定が可能になった。実証オークション関連の文献や、実際の政府調達などの分析などのため、学術的・社会的意義がある。

Report

(5 results)
  • 2019 Annual Research Report   Final Research Report ( PDF )
  • 2018 Research-status Report
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (1 results)

All 2019

All Presentation (1 results)

  • [Presentation] Estimation of first-price auctions with local linear estimators2019

    • Author(s)
      松木佑介
    • Organizer
      日本経済学会2019年度秋季大会
    • Related Report
      2019 Annual Research Report

URL: 

Published: 2016-04-21   Modified: 2021-02-19  

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