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Sampling distribution of the relative risk aversion estimator: Theory and applications

โœ Scribed by Marvin J. Karson; David C. Cheng; Cheng F. Lee


Publisher
Springer US
Year
1995
Tongue
English
Weight
534 KB
Volume
5
Category
Article
ISSN
0924-865X

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Estimating risk aversion from ascending
โœ Jingfeng Lu; Isabelle Perrigne ๐Ÿ“‚ Article ๐Ÿ“… 2008 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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