Title of article
Hypothetical versus real payments in Vickrey auctions
Author/Authors
Karen Blumenschein، نويسنده , , Magnus Johannesson، نويسنده , , Glenn C. Blomquist، نويسنده , , Bengt Liljas، نويسنده , , Richard M. OʹConor، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
4
From page
177
To page
180
Abstract
We compare hypothetical and real payments in a Vickrey auction. The use of hypothetical payments overestimates the real willingness to pay. The results cast doubt on the validity of hypothetical willingness to pay questions for the typical respondent
Keywords
Willingness to pay , auctions , Contingent valuation
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434385
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