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Year of publication
Subject
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Auction 1 Auction theory 1 Auktion 1 Auktionstheorie 1 Deutschland 1 Electric power industry 1 Elektrizitätswirtschaft 1 Experiment 1 Germany 1 Risikoaversion 1 Risikopräferenz 1 Risk attitude 1 Risk aversion 1
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Online availability
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Free 1
Type of publication
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Book / Working Paper 1
Language
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English 1
Author
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Baumgärtner, Michael 1 Kunz, Friedrich 1 Leuthold, Florian 1 Seeliger, Hans-Christian 1 Stolze, Linda 1
Published in...
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Dresden University of Technology Electricity Market Working Paper 1
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ECONIS (ZBW) 1
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The Impact of Participant’s Risk Attitude on Auctions Results : An Experimental Approach to Electricity Markets
Kunz, Friedrich; Baumgärtner, Michael; Seeliger, … - 2009
We analyze the impact of the risk attitude of participating subjects in both single-sided uniform and pay-as-bid auctions using an experimental approach. The experiments are conducted in a stable demand environment with homogeneous groups, each consisting of five participants that exhibit either...
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