skip to main content

Search for: All records

Creators/Authors contains: "Luo, Yao"

Note: When clicking on a Digital Object Identifier (DOI) number, you will be taken to an external site maintained by the publisher. Some full text articles may not yet be available without a charge during the embargo (administrative interval).
What is a DOI Number?

Some links on this page may take you to non-federal websites. Their policies may differ from this site.

  1. Free, publicly-accessible full text available October 1, 2024
  2. Abstract

    Uncertainty aboutex postrealized values is an inherent component in many auction environments. In this article, we develop a structural framework to analyze auction data subject toex postuncertainty as a pure risk. We consider a low‐price sealed‐bid auction model with heterogeneous bidders' preferences andex postuncertainty. The uncertainty can be common to all bidders or idiosyncratic. We derive the model restrictions and study nonparametric and semiparametric identification of the model primitives under exogenous and endogenous participation. We then develop multistep nonparametric and semiparametric estimation procedures in both cases.

    more » « less