Title of article
Risk aversion in first price auctions with common values
Author/Authors
Domenico Menicucci، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
4
From page
43
To page
46
Abstract
In a first price auction with private values, biddersʹ risk aversion increases the sellerʹs revenue. This is not generally true when there are common values, because winning the auction entails receiving an object with uncertain value.
Keywords
Risk aversion , First price auctions , Common values
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435510
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