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Eliciting reservation prices: Becker-DeGroot-Marschak mechanisms vs. markets
Uppsala University.
Uppsala University.
Uppsala University.
1997 (English)In: ECONOMIC JOURNAL, ISSN 0013-0133, Vol. 107, no 443, 1079-1089 p.Article in journal (Other scientific) Published
Abstract [en]

The Becker-DeGroot-Marschak (BDM) mechanism is used in experimental economics as an incentive-compatible procedure for eliciting reservation prices. It is found here, where seller prices are elicited, that the mechanism is sensitive to the choice of upper

Place, publisher, year, edition, pages
BLACKWELL PUBL LTD , 1997. Vol. 107, no 443, 1079-1089 p.
Keyword [en]
PREFERENCE REVERSAL
Identifiers
URN: urn:nbn:se:uu:diva-57972OAI: oai:DiVA.org:uu-57972DiVA: diva2:85881
Note
Addresses: Bohm P, UNIV STOCKHOLM, S-10691 STOCKHOLM, SWEDEN. UNIV UPPSALA, S-75105 UPPSALA, SWEDEN.Available from: 2008-10-17 Created: 2008-10-17 Last updated: 2011-01-15

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