Social Policy Grant
I propose to study endogenous determination of bidder participation in auctions. Auctions are important and widely used trading mechanisms. Participating in an auction is often, if not always, a costly endeavor. The main objective of this research program is to further our understanding of the consequences of endogenizing bidders’ (costly) participation decisions in terms of both efficiency and the revenue of the seller. This understanding will have both theoretical and (eventually) practical implications in terms of auction design.
|Effective start/end date||2/15/18 → 3/15/20|
- participation costs
- risk aversion