What model for entry in first-price auctions? A nonparametric approach

A-Tier
Journal: Journal of Econometrics
Year: 2013
Volume: 176
Issue: 1
Pages: 46-58

Authors (3)

Marmer, Vadim (University of British Columbia) Shneyerov, Artyom (not in RePEc) Xu, Pai (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 be nonparametrically identifiable, and a nonparametric test for its presence is proposed. This test can be used to discriminate between the two polar models.

Technical Details

RePEc Handle
repec:eee:econom:v:176:y:2013:i:1:p:46-58
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-25