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Sealed bid auctions with uncertainty averse bidders

โœ Scribed by Kin Chung Lo

Publisher
Springer
Year
1998
Tongue
English
Weight
283 KB
Volume
12
Category
Article
ISSN
0938-2259

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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