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Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk
Hu, Audrey; Zou, Liang - Tinbergen Institute - 2008
This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …
Persistent link: https://www.econbiz.de/10005136943
Cover Image
Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk
Hu, Audrey; Zou, Liang - Tinbergen Instituut - 2008
This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …
Persistent link: https://www.econbiz.de/10011256873