Monotonicity-constrained nonparametric estimation and inference for first-price auctions
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DOI: 10.1080/07474938.2021.1889198
Abstract: Abstract In the independent private values framework for first-price auctions, we propose a new nonparametric estimator of the probability density of latent valuations that imposes the monotonicity constraint on the estimated inverse bidding strategy. We… read more here.
Keywords: price auctions; first price; monotonicity constrained; constrained nonparametric ... See more keywords