Fang, Hanming; Tang, Xun - In: Journal of Econometrics 180 (2014) 2, pp. 198-216
Bidders’ risk attitudes have key implications for the choices of revenue-maximizing auction formats. In ascending … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … report entry costs but contains exogenous variation in potential competition and auction characteristics. We also show the …