Risk aversion in auctions with asymmetrically informed bidders: A "desensitizer" from uncertainty

被引：0

作者：

Munoz-Garcia, Felix ^{[1
]}

Orozco-Aleman, Sandra ^{[2
]}

机构：

[1] Washington State Univ, Sch Econ Sci, Pullman, WA 99164 USA

[2] Univ Pittsburgh, Dept Econ, Pittsburgh, PA 15260 USA

来源：

ECONOMICS LETTERS | 2011年 / 112卷 / 01期

关键词：

First-price auctions; Asymmetrically informed bidders; Risk aversion; Unknown valuations; STANDARD AUCTIONS; RIVALS TYPES; INFORMATION;

D O I：

10.1016/j.econlet.2011.03.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In the context of first-price auctions with asymmetrically informed bidders, we show that risk aversion not only increases a player's bid, but also makes him less sensitive to the probability that other bidders are informed about his private valuation. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：38 / 41

页数：4

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