Sökning: "declining price anomaly"

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1. 1. A Sequence of Essays on Sequences of Auctions

   Författare :Daniel Bougt; Ola Andersson; Per Hjertstrand; Uppsala universitet; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; declining price anomaly; sequential auctions; train-ticket auctions; ambiguity aversion; risk aversion; non-parametric estimation; experiment; Economics; Nationalekonomi;

   Sammanfattning : Essay I (with Gagan Ghosh and Heng Liu). The existence of declining prices in sequential auctions is a well-documented empirical pattern. Three explanations that can explain the puzzle are bidders being risk averse, loss averse, or ambiguity averse. LÄS MER