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Premium auctions and risk preferences: an experimental study

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In premium auctions, the highest losing bidder receives a reward from the seller. This paper studies the private value 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 stu...

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Main Authors: Brunner, Christoph (Author) , Hu, Audrey Xianhua (Author) , Oechssler, Joerg (Author)
Format: Article (Journal)
Language:English
Published: 9 July 2014
In: Games and economic behavior
Year: 2014, Volume: 87, Pages: 467-484
ISSN:1090-2473
DOI:10.1016/j.geb.2014.06.002
Online Access:Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.geb.2014.06.002
Verlag, lizenzpflichtig, Volltext: http://www.sciencedirect.com/science/article/pii/S0899825614001109
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Author Notes:Christoph Brunner, Audrey Hu, Jörg Oechssler
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Premium auctions and risk preferences: an experimental study by Brunner, Christoph (Author) , Hu, Audrey Xianhua (Author) , Oechssler, Joerg (Author) ,


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Premium auctions and risk preferences: an experimental study by Brunner, Christoph (Author) , Hu, Audrey Xianhua (Author) , Oechssler, Joerg (Author) ,


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