proc_simulate: Simulate equilibrium procurement bids

In qdfauction: Nonparametric Quantile Density Estimation and Structural Analysis of First-Price Auctions

Simulate equilibrium procurement bids

Description

Simulates the reflected standard auction with value quantile function Q'(u) = M - Q_c(1-u) by fpa_simulate and maps back. For costs uniform on [1, 2] this reproduces b = c + (2-c)/n to about 10^{-6}.

Usage

proc_simulate(
  L,
  n,
  Qc,
  qc = NULL,
  M,
  family = "independence",
  theta = NULL,
  eta = 0
)

Arguments

L, n	Auctions and bidders per auction.
Qc	Cost quantile function.
qc	Derivative of Qc (optional).
M	Any constant above the cost support.
family, theta, eta	Passed to fpa_simulate.

Value

List: costs, bids (L \times n), M, reflected.

qdfauction documentation built on Nov. 10, 2026, 5:07 p.m.