On 29th December 2016, the Oversea Dean appointment ceremony of Institute of Economics and Business was held. Prof. Haijun Huang, the vice president of Beihang University, gave a welcome speech and issued the appointment letter to Prof. Li on the behalf of Beihang University.
Meanwhile, Prof. Tong Li, from the Department of Economics at Vanderbilt University, gave a lecture on‘Econometrics of Auctions’. This lecture was chaired by Prof. Liyan Han.
In Prof. Li’s lecture, he discussed the recent research developments on the econometrics of auctions. Also, he presented his recent research achievements in this area. Firstly, he introduced the motivation of auctions including‘what auctions are’,‘why we need to study auctions’,‘what the auction theory is’, and the approaches of auctions.Secondly, he described the Affiliated Value Model. Thirdly, he introduced the entry models, estimations, problems ofthese lective entry models, and the general selective entry model. At last,Prof. Li presented the extensions ondynamics, risk aversion, PID in English auctions, auctions for multiple objects and others.
Appendix:
Prof. Tong Li is Gertrude Conaway Vanderbilt Professor of Economics at the Department of Economics, Vanderbilt University.Hereceived his PhD degrees in Mathematics and Economics fromUniversity of California, San Diego and University of Southern California, respectively. Since 1997, he has taught atWashington State University、Vanderbilt University、Indiana University, Bloomington. His primary research and teaching interests are microeconometrics with a focus on identification and inference of econometric models with latent variables, and game-theoretic models. He also studies dynamic/nonlinear panel data models, and empirical microeconomics with a focus on empirical analysis of strategic behavior of agents with asymmetric information.His work has been published in general interest journals including Econometrica, Review of Economic Studies, American Economic Journal: Microeconomics, International Economic Review, Review of Economics and Statistics, and top field journals such as the Journal of Econometrics, RAND Journal of Economics, Games and Economic Behavior.He has served as an associate editor of the Journal of Econometrics, the Journal of Applied Econometrics, the Journal of Econometric Methods, and the Journal of Economic Behavior and Organization.
