Parkhurst, Gregory M.; Shogren, Jason F.; Dickinson, … - In: American Journal of Agricultural Economics 86 (2004) 1, pp. 222-235
Some people assign negative values for new products sold on laboratory auction blocks (i.e., irradiated meat). We explore bidding behavior in two Vickrey auctions when people have positive- and negative-induced values for the good. Aggregate bidding in the second-price auction is precise but...
