Bapna, Ravi; Dellarocas, Chrysanthos; Rice, Sarah - In: Management Science 56 (2010) 7, pp. 1074-1092
restricted to submit at most one bid, our theory predicts the existence of a unique Bayes-Nash equilibrium that resembles a form … theoretical propositions in a controlled laboratory experiment while also utilizing a domain specific risk score to help assess … how the bidders' risk type affects their bidding behavior. In support of our theory we find evidence of a probabilistic …