Estimating First-Price Auctions with Unknown Number of Bidders: A Misclassification Approach

Abstract

In this paper, we consider nonparametric identification and estimation of first-price auction models when N∗, the number of potential bidders, is unknown to the researcher. Exploiting results from the recent econometric literature on models with misclassification error, we develop a nonparametric procedure for recovering the distribution of bids conditional… (More)

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Cite this paper

@inproceedings{Hu2007EstimatingFA, title={Estimating First-Price Auctions with Unknown Number of Bidders: A Misclassification Approach}, author={Yingyao Hu and Matthew Shum}, year={2007} }