| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17095 |
| 来源ID | Working Paper 17095 |
| Empirical Implementation of Nonparametric First-Price Auction Models | |
| Daniel J. Henderson; John A. List; Daniel L. Millimet; Christopher F. Parmeter; Michael K. Price | |
| 发表日期 | 2011-05-26 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Nonparametric estimators provide a flexible means of uncovering salient features of auction data. Although these estimators are popular in the literature, many key features necessary for proper implementation have yet to be uncovered. Here we provide several suggestions for nonparamteric estimation of first-price auction models. Specifically, we show how to impose monotonicity of the equilibrium bidding strategy; a key property of structural auction models not guaranteed in standard nonparametric estimation. We further develop methods for automatic bandwidth selection. Finally, we discuss how to impose monotonicity in auctions with differering number of bidders, reserve prices, and auction-specific characteristics. Finite sample performance is examined using simulated data as well as experimental auction data. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Market Structure and Distribution |
| URL | https://www.nber.org/papers/w17095 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574770 |
| 推荐引用方式 GB/T 7714 | Daniel J. Henderson,John A. List,Daniel L. Millimet,et al. Empirical Implementation of Nonparametric First-Price Auction Models. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17095.pdf（555KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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