Estimating risk aversion from ascending
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Jingfeng Lu; Isabelle Perrigne
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Article
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2008
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John Wiley and Sons
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English
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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