Dragicevic, Arnaud; Ettinger, David - Centre Interuniversitaire de Recherche en Analyse des … - 2010
We evaluate the impact of three auction mechanisms the BeckerDeGrootMarschak (BDM) mechanism, the second-price auction, and the random nth-price auction in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show that the endowment effect...