Revenue Implications of Strategic and External Auction Risk
Two experimental treatments are used to study the effects of auction risk across five mechanisms. The first canonical, baseline treatment features only strategic risk and replicates the standard results that overbidding relative to the risk neutral Nash equilibrium is prevalent in all common auction...
| Glavni autori: | , , |
|---|---|
| Format: | Članak |
| Jezik: | English |
| Izdano: |
MDPI AG
2016-01-01
|
| Serija: | Games |
| Teme: | |
| Online pristup: | http://www.mdpi.com/2073-4336/7/1/5 |