Article ID Journal Published Year Pages File Type
5060826 Economics Letters 2011 4 Pages PDF
Abstract
► We analyze first-price auctions with asymmetrically informed risk-averse bidders. ► A bidder becomes less sensitive to the information other bidders have about his private valuation. ► We provide a revenue comparison with second-price auctions.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Risk aversion in auctions with asymmetrically informed bidders: A “desensitizer” from uncertainty
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