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Structural Estimation of FCC Bidder Valuation
By Renhao Tan, Zachary Lim, and Jackie Xiao We modify a method introduced in Fox and Bajari (2013) which structurally estimates the deterministic component of bidder valuations in FCC spectrum auctions based on a pairwise stability condition: two bidders cannot exchange two licenses in a way that increases the sum of their valuations, and we […]
