Marmer, Vadim; Shneyerov, Artyom; Xu, Pai - In: Journal of Econometrics 176 (2013) 1, pp. 46-58
We develop a selective entry model for first-price auctions that nests two polar models often estimated in the empirical literature on auctions, Levin and Smith (1994), and Samuelson (1985). The selective entry model features a pro-competitive selection effect. The selection effect is shown to...