Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061165 | Economics Letters | 2010 | 5 Pages |
Abstract
This paper applies the distributional approach to show that when bidders are risk averse, an English auction with optimal reserve price can be further improved with the introduction of a buy price.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hongjun Zhong,