English premium auction (EPA) for different risk attitudes of bidders. We explicitly derive the symmetric equilibrium for … bidders with CARA utilities and conduct an experimental study to test the theoretical predictions. In our experiment, subjects … experiment is lower than in the symmetric equilibrium. …

auctions, auction theory predicts bid distributions in Bayesian Nash equilibrium does not convey any information about bidders … entry and the certainty equivalent - required for entry into the auction is strictly positive if and only if bidders are … risk attitudes in more general auction models, where in the entry stage bidders receive signals that are correlated with …

Bidders' risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … entry costs but contains exogenous variations of potential competition and auction characteristics. In the first scenario …

Bidders' risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … entry costs but contains exogenous variations of potential competition and auction characteristics. In the first scenario …

Bidders' risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … entry costs but contains exogenous variations of potential competition and auction characteristics. In the first scenario …