A first-price sealed-bid asymmetric auction when two bidders have respective CRRA and general utility functions

DOI10.1155/2021/5592402MaRDI QIDQ2232676zbMATH OpenOpenAlexFDO

Authors Mingming Gong, Shulin Liu

Publication date 8 October 2021

Published in Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2021/5592402

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

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• Asymmetric budget constraints in a first-price auction

Cites work

• Asymmetric Auctions
• Asymmetric first price auctions
• Asymmetric first-price auctions with uniform distributions: analytic solutions to the general case
• Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View
• Equilibrium in Sealed High Bid Auctions
• Existence of an equilibrium in first price auctions
• First-price sealed-bid auctions when bidders exhibit different attitudes toward risk
• Risk aversion and optimal reserve prices in first- and second-price auctions

Cited in

(3)

• Sealed-bid auctions based on Cobb-Douglas utility function
• First Price Sealed-Bid Auctions with Bidders’ Heterogeneous Risk Behavior: An Adversarial Risk Analysis Approach
• Rejection prices and an auctioneer with non-monotonic utility

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