Nonparametric Tests for Common Values at First-Price Sealed-Bid Auctions
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We develop tests for common values at first-price sealed-bid auctions. Our tests are nonparametric, require observation only of the bids submitted at each auction, and are based on the fact that the winner's curse' arises only in common values auctions. The tests build on recently developed methods
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美国国家经济研究局创建时间：
2003-11-01
