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An experimental test of precautionary bidding

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Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers' private values or their signals regarding common value components. Esö and White (2004) showed theoretically that ex-post risk leads to precautionary bidding for DARA bidders: Agents reduce t...

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Bibliographic Details
Main Authors: Kocher, Martin (Author) , Pahlke, Julius (Author) , Trautmann, Stefan T. (Author)
Format: Book/Monograph Working Paper
Language:English
Published: München Univ., Volkswirtschaftliche Fak. 2010
Series:Münchener Wirtschaftswissenschaftliche Beiträge 2010-30
In: Münchener Wirtschaftswissenschaftliche Beiträge (2010-30)

Subjects:
Arbeitspapier
Graue Literatur
Online Access:Resolving-System, Volltext: http://nbn-resolving.de/urn:nbn:de:bvb:19-epub-11743-5
Verlag, Volltext: http://epub.ub.uni-mueanchen.de/11743/1/Kocher_Pahlke_Trautmann_2010.pdf
Resolving-System, Volltext: http://hdl.handle.net/10419/104329
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Author Notes:Martin G. Kocher; Julius Pahlke; Stefan T. Trautmann
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An experimental test of precautionary bidding by Kocher, Martin (Author) , Pahlke, Julius (Author) , Trautmann, Stefan T. (Author) ,


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