An augmented Becker–DeGroot–Marschak mechanism for transaction cycles

We introduce an augmented Becker–DeGroot–Marschak mechanism for the revelation of willingness-to-accept and willingness-to-pay in transaction cycles. The mechanism can be used to test for a behavioral anomaly.

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Year of publication:	2012
Authors:	Weber, Thomas A.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 114.2012, 1, p. 43-46
Publisher:	Elsevier
Subject:	Compensating variation \| Equivalent variation \| Endowment effect \| Welfare change \| Willingness-to-accept \| Willingness-to-pay

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Type of publication:	Article
Classification:	D11 - Consumer Economics: Theory ; D60 - Welfare Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010597198