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- W4288102147 abstract "We propose a new nonparametric estimator for first-price auctions with independent private values that imposes the monotonicity constraint on the estimated inverse bidding strategy. We show that our estimator has a smaller asymptotic variance than that of Guerre, Perrigne and Vuong's (2000) estimator. In addition to establishing pointwise asymptotic normality of our estimator, we provide a bootstrap-based approach to constructing uniform confidence bands for the density function of latent valuations." @default.
- W4288102147 created "2022-07-28" @default.
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- W4288102147 date "2019-09-27" @default.
- W4288102147 modified "2023-10-16" @default.
- W4288102147 title "Monotonicity-Constrained Nonparametric Estimation and Inference for First-Price Auctions" @default.
- W4288102147 doi "https://doi.org/10.48550/arxiv.1909.12974" @default.
- W4288102147 hasPublicationYear "2019" @default.
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