Nonparametric Estimation of Asymmetric First Price Auctions: A Simplified Approach

Zhang, Bin ; Guler, Kemal

HP Development Company

关键词: affiliated private values;    first price auctions;    asymmetric auctions;    structural econometrics;    nonparametric estimation;   

RP-ID  :  HPL-2002-86R1

学科分类：计算机科学（综合）

美国|英语

来源: HP Labs

【 摘 要 】

We present an approach to non-parametric estimation of pseudo-values in asymmetric affiliated private values (APV) models for first-price auctions that eliminates the 'curse of dimensionality.' We show that pseudo- values can be estimated by using two-dimensional functions of bids for APV models regardless of the form asymmetry. 7 Pages