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The Effect of a Right-of-First-Refusal Clause in a First-Price Auction with Heterogeneous Risk-Averse Bidders

Karine Brisset (), François Maréchal () and Francois Cochard ()
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Karine Brisset: CRESE - Centre de REcherches sur les Stratégies Economiques (UR 3190) - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]
François Maréchal: CRESE - Centre de REcherches sur les Stratégies Economiques (UR 3190) - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]
Francois Cochard: CRESE - Centre de REcherches sur les Stratégies Economiques (UR 3190) - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE]

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Date: 2020
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Published in Journal of Institutional and Theoretical Economics, 2020, 176 (3), pp.526. ⟨10.1628/jite-2020-0034⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03282283

DOI: 10.1628/jite-2020-0034

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