How bidder's number affects optimal reserve price in first-price auction under risk aversion
| Authors | |
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| Publication date | 2011 |
| Journal | Economics Letters |
| Volume | Issue number | 113 | 1 |
| Pages (from-to) | 29-31 |
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| Abstract |
This paper shows that in the classic symmetric and independent private value environments, the seller’s optimal reserve price is a decreasing function of the number of bidders in the first-price auctions when the seller and/or buyers are risk averse. |
| Document type | Article |
| Language | English |
| Published at |
https://doi.org/10.1016/j.econlet.2011.05.041
(Final published version)
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