Nonparametric estimation of asymmetric first price auctions: A simplified approach

被引：2
|
作者：
Zhang, B [1 ]
Guler, K [1 ]
机构：
[1] Hewlett Packard Labs, Solut & Serv Res Ctr, Decis Technol Dept, Palo Alto, CA 94304 USA
来源：
ECONOMICS LETTERS | 2005年 / 88卷 / 03期
关键词：
affiliated private values; first price auctions; asymmetric auctions; structural econometrics; nonparametric estimation;
D O I：
10.1016/j.econlet.2004.12.033
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We present an approach to nonparametric estimation of pseudo-values in asymmetric affiliated private values (APV) models for first price auctions that eliminates the 'curse of dimensionality.' We show that pseudo-values can be estimated by using two-dimensional functions of bids for APV models regardless of the form of asymmetry. (c) 2005 Elsevier B.V. All rights reserved.
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页码：318 / 322
页数：5
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