Kim, Dong-hyuk - In: Quantitative economics : QE ; journal of the … 6 (2015) 2, pp. 429-461
I propose a Bayesian method to analyze bid data from first-price auctions under private value paradigms. I use a series representation to specify the valuation density so that bidding monotonicity is always satisfied, and I impose density affiliation by the nonparametric technique of Beresteanu...