Flambard, Véronique; Lasserre, Pierre; Mohnen, Pierre - Maastricht : MERIT, Maastricht Economic Research … - 2004
Using semiparametric and nonparametric estimation techniques we infer cost distributions and informational rents from 457 snow removal contracts o¤ered for tender by the City of Montreal. Our results are compatible with standard received theory of competitive auctions: there is a positive...