08-044/1 - Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk

• Authors
  Audrey Hu, University of Amsterdam; Liang Zou, University of Amsterdam
• Publication date
  April 21, 2008

• Keywords
  auction; downside risk; risk aversion; payoff uncertainty; allocative efficiency; Pareto efficiency
• JEL
  D44