2 papers
econ.EM2025
Efficient Estimation of Structural Models via Sieves
Yao Luo, Peijun Sang
We propose a class of sieve-based efficient estimators for structural models (SEES), which approximate the solution using a linear combination of basis functions and impose equilib…
econ.EM2024
Nonparametric Identification of First-Price Auction with Unobserved Competition: A Density Discontinuity Framework
Emmanuel Guerre, Yao Luo
We consider nonparametric identification of independent private value first-price auction models, in which the analyst only observes winning bids. Our benchmark model assumes an ex…