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Jump bidding in ascending auctions: The case of takeover contests

✍ Scribed by Christian At; Pierre-Henri Morand


Book ID
116421891
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
137 KB
Volume
99
Category
Article
ISSN
0165-1765

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Estimating risk aversion from ascending
✍ 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