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Continuous auctions and insider trading: uniqueness and risk aversion

✍ Scribed by Kyung-Ha Cho

Publisher
Springer-Verlag
Year
2003
Tongue
English
Weight
270 KB
Volume
7
Category
Article
ISSN
0949-2984

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## 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