Econometrica Vol. 52 No. 6 1984
Optimal Auctions with Risk Averse Buyers
open access
Abstract
[We characterize a seller's optimal scheme for the sale of an indivisible good to one of n risk averse buyers. We also compare certain commonly used schemes, such as the high bid and second bid auctions, under the hypothesis of risk aversion.]
- DOI
- 10.2307/1913516
- Volume
- 52
- Issue
- 6
- Pages
- 1473
- Sources
- bibtex:phds-export.bib crossref openalex