The declining price anomaly

DOI10.1006/jeth.1993.1041zbMath0772.90008OpenAlexW1975109661MaRDI QIDQ1802044

R. Preston McAfee, Daniel R. Vincent

Publication date: 11 October 1993

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1006/jeth.1993.1041

zbMATH Keywords

decreasing absolute risk aversiondeclining price anomalywine auctions

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

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