Dragicevic Arnaud Z.; David, Ettinger - In: Journal of Benefit-Cost Analysis 2 (2011) 2, pp. 1-29
We evaluate the impact of three auction mechanismsthe Becker-DeGroot-Marschak (BDM) mechanism, the second-price auction (SPA), and the random nth-price auction (NPA)in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show that the...