Work

Traders' Bidding Strategies on European Grain Export Refunds: An Analysis with Affiliated Signals

Year: 2001

Type: article

Abstract: Using a multivariate distribution of traders' information with correlations, we specify the traders' bidding strategies on tenders of European soft wheat intervention stocks. We show that correlations may have opposing effects on the traders' bidding strategy, depending on their valuation of the grain. This structural approach allows us to estimate the traders' strategies using generalized method of moments procedures.

Source: American Journal of Agricultural Economics

DOI: 10.1111/0002-9092.00178

Authors: Jean‐Marc Bourgeon, Yves Le Roux

Institutions: École Polytechnique, Université Paris Nanterre, Paris-Saclay Applied Economics, Institut National de Recherche pour l'Agriculture, l'Alimentation et l'Environnement, Institut National de la Recherche Agronomique, Institut national de recherches archéologiques

Language: English

Topic: Auction Theory and Applications

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDG: Zero hunger

Open Access status: bronze

OpenAlex ID: W1998708987

FWCI: 2.931

Cites: 3

Cited by: 8

Related to: 10