Risk aversion in auctions with asymmetrically informed bidders: A "desensitizer" from uncertainty

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 112
Issue: 1
Pages: 38-41

Authors (2)

Muñoz-García, Félix (Washington State University) Orozco-Alemán, Sandra (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In the context of first-price auctions with asymmetrically informed bidders, we show that risk aversion not only increases a player's bid, but also makes him less sensitive to the probability that other bidders are informed about his private valuation.

Technical Details

RePEc Handle
repec:eee:ecolet:v:112:y:2011:i:1:p:38-41
Journal Field
General
Author Count
2
Added to Database
2026-01-26