English versus Vickrey auctions with loss-averse bidders
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DOI: 10.1016/j.jet.2021.105328
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- Balzer, Benjamin & Rosato, Antonio & von Wangenheim, Jonas, 2022.
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- Benjamin Balzer & Antonio Rosato & Jonas von Wangenheim, 2021. "Dutch vs. First-Price Auctions With Expectations-Based Loss-Averse Bidders," CRC TR 224 Discussion Paper Series crctr224_2021_314, University of Bonn and University of Mannheim, Germany.
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More about this item
Keywords
Vickrey auction; English auction; Japanese auction; Expectations-based loss aversion; Revenue equivalence; Dynamic loss aversion;All these keywords.
JEL classification:
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
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