| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061993 | Economics Letters | 2008 | 4 Pages |
Abstract
We examine hybrid auctions with affiliated private values and risk-averse bidders, and show that the optimal hybrid auction trades off the benefit of information extraction in the ascending-bid phase and the cost of reduced competition in the sealed-bid phase.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Dan Levin, Lixin Ye,