NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Inference of Bidders' Risk Attitudes in Ascending Auctions with Endogenous Entry

Hanming Fang, Xun Tang

NBER Working Paper No. 19435
Issued in September 2013

---- Acknowledgements -----

We are grateful to the associate editor and three anonymous referees whose constructive comments substantially improved the paper. We also thank Dan Ackerberg, Federico Bugni, Xu Cheng, Flavio Cunha, Ken Hendricks, Tong Li, Isabelle Perrigne, Frank Schorfheide, Steven Stern, Petra Todd, Quang Vuong and seminar/conference participants at UC Berkeley, Michigan, Northwestern, Pennsylvania, Toronto, Virginia, Wharton, North American Econometric Society Summer Meetings (St. Louis 2011) and Society of Economic Dynamics Annual Meetings (Ghent 2011) for helpful comments and suggestions. All remaining errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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