Premium auctions and risk preferences: an experimental study
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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| Hauptverfasser: | , , |
|---|---|
| Dokumenttyp: | Article (Journal) |
| Sprache: | Englisch |
| Veröffentlicht: |
9 July 2014
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| In: |
Games and economic behavior
Year: 2014, Jahrgang: 87, Pages: 467-484 |
| ISSN: | 1090-2473 |
| DOI: | 10.1016/j.geb.2014.06.002 |
| Online-Zugang: | 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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| Verfasserangaben: | Christoph Brunner, Audrey Hu, Jörg Oechssler |
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Premium auctions and risk preferences: an experimental study
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