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Nonparametric Approaches to Auctions
Nonparametric Approaches to Auctions
Handbook of Econometrics.
2007, Vol. 6, Issue A, Pages 3847–3965
This chapter discusses structural econometric approaches to auctions. Remarkably, much of what can be learn from auction data can be learned without restrictions beyond those derived from the relevant economic model. This enables us to take a nonparametric perspective in discussing how the structure of auction models can be combined with observables to uncover (or test hypotheses about) primitives of interest in auction markets.