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Persistent link: https://www.econbiz.de/10012097914
We present new identification results for nonparametric models of differentiated products markets, using only market level observables. We specify a nonparametric random utility discrete choice model of demand allowing rich preference heterogeneity, product/market unobservables, and endogenous...
Persistent link: https://www.econbiz.de/10011085331
This paper presents new identification results for models of first-price, second-price, ascending (English), and descending (Dutch) auctions. We consider a general specification of the latent demand and information structure, nesting both private values and common values models, and allowing...
Persistent link: https://www.econbiz.de/10005130009