Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Home> Econometrica> Issues> Browse & Search Econometrica>Optimal Auctions with Risk Averse Buyers

Econometrica: Nov, 1984, Volume 52, Issue 6

Optimal Auctions with Risk Averse Buyers

https://www.jstor.org/stable/1913516
p. 1473-1518

Eric Maskin, John Riley

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.

Institutional Access
Log In To View Full Content

Publications

Econometrica


Log In


Forgot your password?