Anticipated loser regret in third price auctions

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 107
Issue: 2
Pages: 217-219

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

Losing the auction at an affordable price generates loser regret. In third price auctions if bidders anticipate loser regret, then in line with the experimental findings, in a symmetric equilibrium the bids are more than the risk neutral Nash equilibrium.

Technical Details

RePEc Handle
repec:eee:ecolet:v:107:y:2010:i:2:p:217-219
Journal Field
General
Author Count
2
Added to Database
2026-01-25