IVANOVA-STENZEL, RADOSVETA; SALMON, TIMOTHY C. - In: Economic Inquiry 46 (2008) 3, pp. 355-368
"In previous work, we found that bidders strongly prefer the ascending to the first-price sealed-bid auction on a ceteris paribus basis, but perhaps surprisingly, they are not willing to pay up to an entry price for the ascending auction that would equalize the profits. Risk aversion was...