Value-elicitation and value-formation properties of discrete choice experiment and experimental auctions
نویسندگان
چکیده
منابع مشابه
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متن کاملPrivate-Value Auctions, Resale, and Common Value
We establish the bid-equivalence between an independent private-value (IPV) rst-price auction model with resale and a model of rst-price common-value auctions. The common value is de ned by the transaction price when trade takes place. When there is no trade, the common value is de ned through a monotonic extension of the resale price function. We show bid equivalence when (1) there are two b...
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ژورنال
عنوان ژورنال: European Review of Agricultural Economics
سال: 2018
ISSN: 0165-1587,1464-3618
DOI: 10.1093/erae/jby014