Experimental Auctions

Released on by Jayson L. Lusk
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  • Experimental Auctions Book Detail

  • Author : Jayson L. Lusk
  • Release Date : 2007-11-08
  • Publisher : Cambridge University Press
  • Genre : Business & Economics
  • Pages : 316
  • ISBN 13 : 9780521671248
  • File Size : 19,19 MB
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Experimental Auctions by Jayson L. Lusk PDF Summary

Book Description: Economists, psychologists, and marketers are interested in determining the monetary value people place on non-market goods for a variety of reasons: to carry out cost-benefit analysis, to determine the welfare effects of technological innovation or public policy, to forecast new product success, and to understand individual and consumer behavior. Unfortunately, many currently available techniques for eliciting individuals' values suffer from a serious problem in that they involve asking individuals hypothetical questions about intended behavior. Experimental auctions circumvent this problem because they involve individuals exchanging real money for real goods in an active market. This represents a promising means for eliciting non-market values. Lusk and Shogren provide a comprehensive guide to the theory and practice of experimental auctions. It will be a valuable resource to graduate students, practitioners and researchers concerned with the design and utilization of experimental auctions in applied economic and marketing research.

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Experimental Auctions

Experimental Auctions

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Economists, psychologists, and marketers are interested in determining the monetary value people place on non-market goods for a variety of reasons: to carry ou

Rings in Auctions

Rings in Auctions

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In auctions, bidders compete with one another in their attempt to 1 purchase the goods that are up for sale • But buyer competition may be reduced or disappea

Experimental Business Research

Experimental Business Research

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Volume II & III of Experimental Business Research include original papers that were presented at the Second Asian Conference on Experimental Business Research h

Large-scale Multi-item Auctions

Large-scale Multi-item Auctions

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This book presents two experimental studies that deal with the comparison of multi-item auction designs for two specific applications: the sale of 2.6 GHz radio