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Persistent link: https://www.econbiz.de/10011343747
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...
Persistent link: https://www.econbiz.de/10011757715