Sequential auctions, price trends, and risk preferences

DOI10.1016/J.JET.2015.05.006zbMath1330.91098OpenAlexW2120054431MaRDI QIDQ896953

Liang Zou, Audrey Hu

Publication date: 15 December 2015

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

Full work available at URL: https://papers.tinbergen.nl/14139.pdf

zbMATH Keywords

risk preferencebackground riskex-post efficiencysequential auctiondeclining pricelog-supermodularity

Mathematics Subject Classification ID

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

Related Items (6)

Dual auctions for assigning winners and compensating losers ⋮ Loss aversion in sequential auctions ⋮ Allocating positions fairly: auctions and Shapley value ⋮ Sequential auctions with ambiguity ⋮ Sequential second-price auctions with private budgets ⋮ The declining price anomaly is not universal in multi-buyer sequential auctions (but almost is)

Cites Work

• Risk aversion and optimal reserve prices in first- and second-price auctions
• Sequentially optimal auctions
• Uniqueness of equilibrium in sealed high-bid auctions.
• English auctions with ensuing risks and heterogeneous bidders
• The declining price anomaly
• Sequential vs. single-round uniform-price auctions
• Risk Aversion and the Choice Between Risky Prospects: The Preservation of Comparative Statics Results
• Optimal Auctions with Risk Averse Buyers
• Single Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information
• Monotone Comparative Statics under Uncertainty
• Precautionary Bidding in Auctions

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