Working Paper

Identification of the distribution of valuations in an incomplete model of English auctions


Andrew Chesher, Adam Rosen

Published Date

29 June 2015


Working Paper (CWP30/15)

An incomplete model of English auctions with symmetric independent private values, similar to the one studied in Haile and Tamer (2003), is shown to fall in the class of Generalized Instrumental Variable Models introduced in Chesher and Rosen (2014). A characterization of the sharp identified set for the distribution of valuations is thereby obtained and shown to refine the bounds available until now.