Premium auctions and risk preferences

DOI10.1016/J.JET.2011.10.005zbMATH Open1229.91145OpenAlexW3122053822MaRDI QIDQ654516FDOQ654516

Authors Audrey Hu, Theo Offerman, Liang Zou

Publication date 28 December 2011

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

Full work available at URL https://doi.org/10.1016/j.jet.2011.10.005

zbMATH Keywords

risk preferenceEnglish auctionpremium auctionnet-premium effect

Mathematics Subject Classification ID

Individual preferences (91B08) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Premium auctions and risk preferences: an experimental study
• Premium auctions in the field
• Precautionary Bidding in Auctions
• A Theory of Auctions and Competitive Bidding
• Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View

Cites work

• scientific article; zbMATH DE number 3297399 (Why is no real title available?)
• scientific article; zbMATH DE number 3337815 (Why is no real title available?)
• A Theory of Auctions and Competitive Bidding
• Allocation Mechanisms and the Design of Auctions
• Auction market theory of heterogeneous bidders
• Auctions with entry
• Comparing Auctions for Risk Averse Buyers: A Buyer's Point of View
• Is subsidizing inefficient bidders actually costly?
• Monotone Comparative Statics
• Notes and Comments the Amsterdam Auction
• Optimal Auction Design
• Optimal Auctions with Risk Averse Buyers
• Optimal auctions revisited
• Precautionary Bidding in Auctions
• Ranking auctions with risk adverse bidders
• Rational Expectations, Information Acquisition, and Competitive Bidding
• Risk aversion and optimal reserve prices in first- and second-price auctions
• Selling to risk averse buyers with unobservable tastes
• Single Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information
• Uniqueness and existence of equilibrium in auctions with a reserve price
• Uniqueness of equilibrium in sealed high-bid auctions.

Cited in

(4)

• Auctioning risk: the all-pay auction under mean-variance preferences
• Premium auctions and risk preferences: an experimental study
• Revenue-superior variants of the second-price auction
• Premium auctions in the field

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