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Preferences over valuation distributions in auctions

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  • Hennessy, David A.

Abstract

Sellers auctioning items use advertisements and location to generate interest. They seek a rightward shift in the ex-ante distribution of bidder valuations. We characterize distribution pairs such that all more-is-better expected utility maximizing sellers in preference-revealing auctions prefer the same distribution.
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Suggested Citation

  • Hennessy, David A., 2000. "Preferences over valuation distributions in auctions," Economics Letters, Elsevier, vol. 68(1), pages 55-59, July.
    • Handle: RePEc:eee:ecolet:v:68:y:2000:i:1:p:55-59
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    References listed on IDEAS

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    1. Marco Scarsini & Moshe Shaked, 1987. "Ordering distributions by scaled order statistics," Post-Print hal-00542242, HAL.
    2. Hadar, Josef & Russell, William R, 1969. "Rules for Ordering Uncertain Prospects," American Economic Review, American Economic Association, vol. 59(1), pages 25-34, March.
    3. Shaked, Moshe & Shanthikumar, J. George, 1997. "Supermodular Stochastic Orders and Positive Dependence of Random Vectors," Journal of Multivariate Analysis, Elsevier, vol. 61(1), pages 86-101, April.
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