What Model for Entry in First-Price Auctions? A Nonparametric Approach

We develop a nonparametric approach that allows for discrimination among alternative models of entry in first-price auctions. Three models of entry are considered: those of Levin and Smith (1994), Samuelson (1985), and a new model in which the information received at the entry stage is imperfectly correlated with bidder valuations. We derive testable restrictions of these models based on how the pro-competitive selection effect shifts bidder valuation quantiles in response to an increase in the number of potential bidders

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Year of publication:	2011
Authors:	Marmer, Vadim
Other Persons:	Shneyerov, Artyom A. (contributor) ; Pai Xu (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Auktionstheorie \| Auction theory \| Nichtparametrisches Verfahren \| Nonparametric statistics \| Markteintritt \| Market entry

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