Matches in SemOpenAlex for { <https://semopenalex.org/work/W2103992403> ?p ?o ?g. }
- W2103992403 abstract "This paper analyzes the effects of buyer and seller risk aversion in first and second-price auctions. The setting is the classic one of symmetric and independent private values, with ex ante homogeneous bidders. However, the seller is able to optimally set the reserve price. In both auctions the seller’s optimal reserve price is shown to decrease in his own risk aversion, and more so in the first-price auction. Thus, greater seller risk aversion increases the ex post efficiency of both auctions, and especially that of the first-price auction. The seller’s optimal reserve price in the first-price, but not in the second-price, auction decreases in the buyers’ risk aversion. Thus, greater buyer risk aversion also increases the ex post efficiency of the first but not the second-price auction. At the interim stage, the first-price auction is preferred by all buyer types in a lower interval, as well as by the seller." @default.
- W2103992403 created "2016-06-24" @default.
- W2103992403 creator A5015647283 @default.
- W2103992403 creator A5028263845 @default.
- W2103992403 creator A5042860827 @default.
- W2103992403 date "2009-01-01" @default.
- W2103992403 modified "2023-09-25" @default.
- W2103992403 title "Risk Aversion and Optimal Reserve Prices in First and Second-Price Auctions" @default.
- W2103992403 cites W1494498837 @default.
- W2103992403 cites W1495925787 @default.
- W2103992403 cites W1589772251 @default.
- W2103992403 cites W1954834360 @default.
- W2103992403 cites W1981479913 @default.
- W2103992403 cites W1986799195 @default.
- W2103992403 cites W2004339054 @default.
- W2103992403 cites W2015007620 @default.
- W2103992403 cites W2029050771 @default.
- W2103992403 cites W2030385040 @default.
- W2103992403 cites W2052075655 @default.
- W2103992403 cites W2054347841 @default.
- W2103992403 cites W2055820467 @default.
- W2103992403 cites W2057085101 @default.
- W2103992403 cites W2058783522 @default.
- W2103992403 cites W2066809750 @default.
- W2103992403 cites W2096109831 @default.
- W2103992403 cites W2124270520 @default.
- W2103992403 cites W2133255961 @default.
- W2103992403 cites W2465683544 @default.
- W2103992403 cites W2580645530 @default.
- W2103992403 cites W3123900511 @default.
- W2103992403 cites W3125593659 @default.
- W2103992403 doi "https://doi.org/10.2139/ssrn.1398889" @default.
- W2103992403 hasPublicationYear "2009" @default.
- W2103992403 type Work @default.
- W2103992403 sameAs 2103992403 @default.
- W2103992403 citedByCount "0" @default.
- W2103992403 crossrefType "journal-article" @default.
- W2103992403 hasAuthorship W2103992403A5015647283 @default.
- W2103992403 hasAuthorship W2103992403A5028263845 @default.
- W2103992403 hasAuthorship W2103992403A5042860827 @default.
- W2103992403 hasBestOaLocation W21039924032 @default.
- W2103992403 hasConcept C106159729 @default.
- W2103992403 hasConcept C112481924 @default.
- W2103992403 hasConcept C11276805 @default.
- W2103992403 hasConcept C129915516 @default.
- W2103992403 hasConcept C143684077 @default.
- W2103992403 hasConcept C160903226 @default.
- W2103992403 hasConcept C160947807 @default.
- W2103992403 hasConcept C162324750 @default.
- W2103992403 hasConcept C163239763 @default.
- W2103992403 hasConcept C166957645 @default.
- W2103992403 hasConcept C175444787 @default.
- W2103992403 hasConcept C194291561 @default.
- W2103992403 hasConcept C205706631 @default.
- W2103992403 hasConcept C2776957806 @default.
- W2103992403 hasConcept C70295763 @default.
- W2103992403 hasConcept C83426474 @default.
- W2103992403 hasConcept C95457728 @default.
- W2103992403 hasConceptScore W2103992403C106159729 @default.
- W2103992403 hasConceptScore W2103992403C112481924 @default.
- W2103992403 hasConceptScore W2103992403C11276805 @default.
- W2103992403 hasConceptScore W2103992403C129915516 @default.
- W2103992403 hasConceptScore W2103992403C143684077 @default.
- W2103992403 hasConceptScore W2103992403C160903226 @default.
- W2103992403 hasConceptScore W2103992403C160947807 @default.
- W2103992403 hasConceptScore W2103992403C162324750 @default.
- W2103992403 hasConceptScore W2103992403C163239763 @default.
- W2103992403 hasConceptScore W2103992403C166957645 @default.
- W2103992403 hasConceptScore W2103992403C175444787 @default.
- W2103992403 hasConceptScore W2103992403C194291561 @default.
- W2103992403 hasConceptScore W2103992403C205706631 @default.
- W2103992403 hasConceptScore W2103992403C2776957806 @default.
- W2103992403 hasConceptScore W2103992403C70295763 @default.
- W2103992403 hasConceptScore W2103992403C83426474 @default.
- W2103992403 hasConceptScore W2103992403C95457728 @default.
- W2103992403 hasLocation W21039924031 @default.
- W2103992403 hasLocation W21039924032 @default.
- W2103992403 hasOpenAccess W2103992403 @default.
- W2103992403 hasPrimaryLocation W21039924031 @default.
- W2103992403 hasRelatedWork W1533218779 @default.
- W2103992403 hasRelatedWork W1535553492 @default.
- W2103992403 hasRelatedWork W1560613238 @default.
- W2103992403 hasRelatedWork W1582380179 @default.
- W2103992403 hasRelatedWork W1768520731 @default.
- W2103992403 hasRelatedWork W1964391216 @default.
- W2103992403 hasRelatedWork W1967094770 @default.
- W2103992403 hasRelatedWork W1978380046 @default.
- W2103992403 hasRelatedWork W2025476468 @default.
- W2103992403 hasRelatedWork W2045757571 @default.
- W2103992403 hasRelatedWork W2057096514 @default.
- W2103992403 hasRelatedWork W2093289339 @default.
- W2103992403 hasRelatedWork W2184396434 @default.
- W2103992403 hasRelatedWork W2768807243 @default.
- W2103992403 hasRelatedWork W2898080491 @default.
- W2103992403 hasRelatedWork W3027486593 @default.
- W2103992403 hasRelatedWork W3122936518 @default.
- W2103992403 hasRelatedWork W3148528278 @default.
- W2103992403 hasRelatedWork W77048344 @default.
- W2103992403 hasRelatedWork W2099903382 @default.
- W2103992403 isParatext "false" @default.