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A Multinomial Logit Framework to Estimate Bid Shading in Procurement Auctions: Application to Cattle Sales in the Texas Panhandle

EconomicsElectronic AuctionEngineeringApplied EconomicsMultinomial Logit FrameworkPricing PolicyMarket MechanismEstimate Bid ShadingPrice FormationAgricultural EconomicsBusinessEconomic AnalysisProcurement AuctionsMarket Equilibrium ComputationMarket DesignMechanism DesignOperations Research