Reserve prices in auctions with entry when the seller is risk-averse

Publication Type:
Journal Article
Economics Letters, 2017, 154 pp. 6 - 9
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© 2017 Elsevier B.V. We show that risk aversion raises the public reserve price rP above the seller's cost c, but lowers the secret reserve price rS below the revenue maximizing reserve price r0. Further, rP
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