Fang, Hanming; Tang, Xun - In: Journal of Econometrics 180 (2014) 2, pp. 198-216
auctions, bid distributions do not provide information about risk preference. We infer risk attitudes using distributions of … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … identification of risk attitudes in ascending auctions with selective entry, where bidders receive entry-stage signals correlated …