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Persistent link: https://www.econbiz.de/10010861481
We evaluate the impact of three auction mechanisms – the 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...
Persistent link: https://www.econbiz.de/10011162127