𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Ambiguity aversion in first-price sealed-bid auctions

✍ Scribed by Ahtia Salo; Martin Weber

Publisher
Springer
Year
1995
Tongue
English
Weight
829 KB
Volume
11
Category
Article
ISSN
0895-5646

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

On the equivalence between descending bi
On the equivalence between descending bid auctions and first price sealed bid auctions
✍ Edi Karni πŸ“‚ Article πŸ“… 1988 πŸ› Springer US 🌐 English βš– 308 KB

Bidding the same price in descending bid auctions and in first price sealed bid auctions is equivalent to expected utility maximizing behavior, and this is equivalent to dynamically consistent bidding. The claim that, in strategic form, descending bid and first price sealed bid auctions are the same

Estimating risk aversion from ascending
Estimating risk aversion from ascending and sealed-bid auctions: the case of timber auction data
✍ Jingfeng Lu; Isabelle Perrigne πŸ“‚ Article πŸ“… 2008 πŸ› John Wiley and Sons 🌐 English βš– 259 KB

## Abstract Estimating bidders' risk aversion in auctions is a challenging problem because of identification issues. This paper takes advantage of bidding data from two auction designs to identify nonparametrically the bidders' utility function within a private value framework. In particular, ascen