Large common value auctions with risk averse bidders.
Pauli MurtoJuuso VälimäkiPublished in: Games Econ. Behav. (2015)
Keyphrases
- risk averse
- bidding strategies
- combinatorial auctions
- expected utility
- online auctions
- utility function
- sealed bid
- risk neutral
- sealed bid auctions
- multi unit
- resource allocation
- auction mechanisms
- risk aversion
- decision makers
- social welfare
- stochastic programming
- multi attribute
- portfolio management
- decision theoretic
- mechanism design
- multistage
- budget constraints
- reverse auction
- special case
- decision theory
- approximation algorithms
- electricity markets
- pareto optimal
- mathematical programming
- game theory
- linear program
- probability distribution
- evolutionary algorithm