in The Review of Economic Studies
January 2011; p ublished online January 2011 .
Journal Article. Subjects: Econometric and Statistical Methods and Methodology: General; Primary Products; Market Structure and Pricing. 12062 words.
In view of the non-identification of the first-price auction model with risk-averse bidders, this paper proposes some parametric identifying restrictions and a semiparametric estimator for...