Do Experimental Auction Estimates for Quasi - Public Goods Pass the Scope Test ?
نویسندگان
چکیده
منابع مشابه
Bid Auctions : a Theoretical and an Experimental Study
Title of Document: OPEN BID AUCTIONS: A THEORETICAL AND AN EXPERIMENTAL STUDY Dipan Ghosh, Doctor of Philosophy, 2008 Directed By: Professor Peter Cramton, Department of Economics For centuries, auctions have been used as an efficient market mechanism for selling or procuring goods. Over time, auctions have evolved from its very basic price callout form to the much more sophisticated simultaneo...
متن کاملThe Impact of Exchange Rate Devaluation on Price Indices of Exported Goods in Iran
E xchange rate is an important factor influencing price indices of exported goods of a country in different ways. Imported intermediate commodity is one of the important ways by which the change in exchange rate affects price indices of the exported goods. Using the input-output table of Iran for the year 2001, this paper investigates the impact of exchange rate devaluation on price ...
متن کاملAn Efficient and Incentive Compatible Ascending Auction for Multiple Complements1
This paper proposes an ascending-bid auction for efficiently allocating multiple complementary indivisible commodities. The seller has a reserve price for every bundle of goods and determines the quantity for sale based upon bidders’ reported demands. The auctioneer announces a price for every bundle of goods, every bidder subsequently responds with a set of goods demanded at these prices, and ...
متن کاملA Revealed Preference Test of Quasi-Linear Preferences
We provide criteria for a set of observed choices to be generated by a quasi-linear preference relation. These criteria are valid if choice sets are compact and downward closed and do not require preferences to be convex. We show that under the added assumption that choice sets can be represented by linear budget sets, our condition also implies the existence of a quasi-linear utility represent...
متن کاملDo Auction Bids Betray Expectations- Based Reference Dependent Preferences? a Test, Experimental Evidence, and Estimates of Loss Aversion
In this paper, we provide a novel experimental auction design that exploits an exogenous variation in the probability of winning to test for the presence of expectations-based reference dependent preferences. We prove that (i) in this design, (which is a one parameter modification of a Becker-de GrooteMarschak (BDM) auction), a lower probability of winning will cause a loss averse agent to bid ...
متن کامل