Auctions with ex post uncertainty
研究了拍卖中事后不确定性作为纯风险的结构性框架，分析了异质性投标者偏好下的低价格密封投标拍卖模型，并探讨了模型识别与估计方法。
Abstract Uncertainty about ex post realized values is an inherent component in many auction environments. In this article, we develop a structural framework to analyze auction data subject to ex post uncertainty as a pure risk. We consider a low‐price sealed‐bid auction model with heterogeneous bidders' preferences and ex post uncertainty. 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.