The value of a fallback option

DOI10.1007/S10100-015-0389-4zbMATH Open1339.91116OpenAlexW2150720285MaRDI QIDQ301889FDOQ301889

Authors Stefan Kreiner, Stefan Palan, Sascha Füllbrunn

Publication date 4 July 2016

Published in CEJOR. Central European Journal of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10100-015-0389-4

zbMATH Keywords

fallback optionsecond price auction bidding behavior

Mathematics Subject Classification ID

Derivative securities (option pricing, hedging, etc.) (91G20) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Fall back equilibrium
• The impact of the irrelevant: temporary buy-options and bidding behavior in auctions
• The role of varying risk attitudes in an auction with a buyout option
• Second chance offers versus sequential auctions: theory and behavior
• Multi-dimensional reference-dependent preferences in sealed-bid auctions -- how (most) laboratory experiments differ from the field

Cites work

• Ordered Hypotheses for Multiple Treatments: A Significance Test for Linear Ranks
• Varying the number of bidders in the first-price sealed-bid auction: experimental evidence for the one-shot game

Cited in

(1)

• Collaborative decision systems in economics and in complex societal and environmental applications

Describes a project that uses

Uses Software

• Z-Tree

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