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, 2009
"... Monotonicity of the equilibrium bidding strategy is a key property of structural auction models. Traditional nonparametric estimators provide a flexible means of uncovering salient features of auction data, but do not formally impose the monotonicity assumption that is inherent in the models during ..."
Abstract
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in auctions with differing numbers of bidders, reserve prices, and auction-specific charac-teristics. Finite sample performance is examined using simulated data as well as experimental auction data.