Flambard, Véronique; Lasserre, Pierre; Mohnen, Pierre - Centre Interuniversitaire de Recherche en Analyse des … - 2004
Using nonparametric estimation techniques adapted from Guerre et al. [2000], we infer cost distributions and informational rents, from 666 snow removal contracts offered for tender by the City of Montreal. Our results are compatible with standard received theory of competitive auctions: there is...