Econometrics of Auctions
Release time：December 27, 2016 /
Speaker：Professor Tong Li Economics Department, Vanderbilt University
Date: 29th, Dec, Thursday, 4:00 PM
Venue：ROOM A622, the main building
Over the last two decades, the literature on the econometrics of auction data has rapidly developed into one of the most active and successful areas of structural econometric research that integrates economic theory, econometric methods, and data analysis into a unified framework. This talk reviews the development of the literature, focusing on how advanced econometric methods have been developed to identify and estimate the structural auction models under various information structures and dealing with data complexity to help understand the bidders’ strategic behavior, and to provide a powerful means to address mechanism design and other policy related questions.
Brief intro of the speaker:
Professor Li gained his mathematics doctor degree in the university of California, San Diego in 1993, and economics doctor degree in the university of southern California in 1997. Now, he works as a chair professor at the Vanderbilt University. His researches on econometrics and micro- economics are well recognized by other distinguished scholars all over the world.