Dragicevic, Arnaud; Ettinger, David - Université Paris-Dauphine (Paris IX) - 2011
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...