Large common value auctions with risk averse bidders

DOI10.1016/J.GEB.2015.03.015MaRDI QIDQ2347769zbMATH OpenOpenAlexFDO

Authors Pauli Murto, Juuso Välimäki

Publication date 8 June 2015

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://aaltodoc.aalto.fi/handle/123456789/34953

zbMATH Keywords

risk aversioncommon valueslarge auctions

Mathematics Subject Classification ID

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

Recommendations

• Large auctions with risk-averse bidders
• Risk aversion and optimal reserve prices in first- and second-price auctions
• Ranking auctions with risk adverse bidders
• Auctions with resale and risk aversion
• Precautionary Bidding in Auctions

Cites work

• A Bidding Model of Perfect Competition
• A Convergence Theorem for Competitive Bidding with Differential Information
• A Theory of Auctions and Competitive Bidding
• Asymptotic revenue equivalence in auctions
• Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View
• Delay and information aggregation in stopping games with private information
• Extreme value theory. An introduction.
• Information Acquisition in Auctions
• Information Aggregation in Common Value Auctions
• Large auctions with risk-averse bidders
• Optimal Auctions with Risk Averse Buyers
• Rational Expectations, Information Acquisition, and Competitive Bidding
• Symmetric bidding in second-price, common-value auctions
• The Loser's Curse and Information Aggregation in Common Value Auctions
• Uniqueness in symmetric first-price auctions with affiliation

Cited in

(8)

• Efficiency of Large Private Value Auctions
• Large auctions with risk-averse bidders
• A common‐value auction with state‐dependent participation
• Information, stochastic dominance and bidding: the case of treasury auctions
• On bidding with securities: risk aversion and positive dependence
• Asymptotic and small sample analysis of the stochastic properties and certainty equivalents of winning bids in independent private values auctions
• Ranking auctions with risk adverse bidders
• Precautionary Bidding in Auctions

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