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📖 Description
This digital document is a journal article from Economics Letters, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description: We present an approach to nonparametric estimation of pseudo-values in asymmetric affiliated private values (APV) models for first price auctions that eliminates the 'curse of dimensionality.' We show that pseudo-values can be estimated by using two-dimensional functions of bids for APV models regardless of the form of asymmetry.