Summary A common concern in the empirical study of auctions is the likely presence of auction‐specific factors that are common knowledge among bidders but unobserved to the econometrician. Such unobserved heterogeneity confounds attempts to uncover the underlying structure of demand and information, typically a primary feature of interest in an auction...

Summary This paper considers a moderately explosive AR(1) process where the autoregressive root approaches unity from the right at a certain rate. We first develop a test for the null of moderate explosiveness under independent and identically distributed errors. We show that the t statistic is asymptotically standard normal regardless of whether the...

The Econometrics Journal, Volume 21, Issue 3, Page 354-354, October 2018.

The Econometrics Journal, Volume 21, Issue 3, Page 332-353, October 2018.

The Econometrics Journal, Volume 21, Issue 3, Page 298-315, October 2018.

The Econometrics Journal, Volume 0, Issue ja, -Not available-.