Develops asymptotically exact inference on auction features using only transaction prices under a many-bidders fixed-auctions regime.
ξM } between ξ1 = inf{Ξ} and ξM+1 = sup{Ξ} (we use M = 50 uniformly located points between ξ1 and ξM+1)
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2023 1verdicts
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Inference in Auctions with Many Bidders Using Transaction Prices
Develops asymptotically exact inference on auction features using only transaction prices under a many-bidders fixed-auctions regime.