Premium auctions and risk preferences: an experimental study

DOI10.1016/J.GEB.2014.06.002zbMath1302.91047OpenAlexW2044925285MaRDI QIDQ485800

Christoph Brunner, Jörg Oechssler, Audrey Hu

Publication date: 14 January 2015

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

Full work available at URL: http://archiv.ub.uni-heidelberg.de/volltextserver/14880/1/Brunner_Hu_Oechssler_2013_dp544.pdf

zbMATH Keywords

experimental economicsrisk preferenceHolt-Laury methodpremium auction

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90)

Related Items (3)

Revisiting risk aversion: can risk preferences change with experience? ⋮ Premium auctions in the field ⋮ Revenue-superior variants of the second-price auction

Uses Software

• Z-Tree
• ORSEE

Cites Work

• Auction market theory of heterogeneous bidders
• Premium auctions and risk preferences
• Risk aversion and optimal reserve prices in first- and second-price auctions
• Uniqueness of equilibrium in sealed high-bid auctions.
• Monotone Comparative Statics
• Single Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information
• Robust Mechanism Design
• Notes and Comments the Amsterdam Auction

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