Structural estimation ofthe affiliated private value auction nlodel

  title={Structural estimation ofthe affiliated private value auction nlodel},
  author={TongLi and Perrigne and Vuong},
We consider the structural estimation of the affiliated private value (APV) model in first.:p~ice sealed-bid auctions. The model allows for bidders' individual efficiencies and opportunity costs, while permitting dependence among bidders' private values through affiliation. We establish the non parametric identification ofthe APVmodel, characterize its theoretical restrictions, and pro­ pose a computationally convenient and consistent two-step nonparametric estimation procedure for estimating… CONTINUE READING

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