I propose an alternative approach to auction valuation in which participants indicate the quantity they wish to buy at a series of prices, with the understanding that one will be randomly chosen as the binding price. This technique allows researchers to estimate entire demand curves as well as own-price elasticities.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2006 Annual meeting, July 23-26, Long Beach, CA with number
21449.
Length: Date of creation: 2006 Date of revision: Handle: RePEc:ags:aaea06:21449
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