Identification, Estimation and Testing of Auction Models

Download or read book Identification, Estimation and Testing of Auction Models written by Jie Wei and published by . This book was released on 2014 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third chapter shows nonparametric identification and estimation of private value distribution and density functions in first-price auctions with endogenous entry. In the model, symmetric bidders face a nontrivial entry cost and a binding reserve price. We identify latent structures by solving a two stage game, and estimate density functions (point-wisely) by using and comparing two different methods. Monte Carlo experiments show good performance of our estimators.