Non-parametric estimation of sequential english auctions

I propose an empirical strategy to identify and to estimate non-parametrically the distribution and the density of latent valuations from the winning bids at sequential oral, ascending-price (hereafter English) auctions within the independent private-values paradigm. I evaluate the asymptotic and finite-sample properties of my approach, and the estimation strategy is applied to daily data from a fish auction held in Grenaa, Denmark, between January 2, 2000 and March 31, 2004.