What model for entry in first-price auctions? A nonparametric approach

We develop a selective entry model for first-price auctions that nests two polar models often estimated in the empirical literature on auctions, Levin and Smith (1994), and Samuelson (1985). The selective entry model features a pro-competitive selection effect. The selection effect is shown to be nonparametrically identifiable, and a nonparametric test for its presence is proposed. This test can be used to discriminate between the two polar models.

MoreLess

Year of publication:	2013
Authors:	Marmer, Vadim ; Shneyerov, Artyom ; Xu, Pai
Published in:	Journal of Econometrics. - Elsevier, ISSN 0304-4076. - Vol. 176.2013, 1, p. 46-58
Publisher:	Elsevier
Subject:	First-price auctions \| Models of entry \| Selective entry \| Selection effect \| Nonparametric estimation \| Quantiles

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Classification:	C12 - Hypothesis Testing ; C13 - Estimation ; C14 - Semiparametric and Nonparametric Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010679101