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Unstable Individual Bids and Stable Market Demand

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  • Alfnes, Frode
  • Rickertsen, Kyrre
  • Shogren, Jason F.

Abstract

We explore preference stability at the individual and market level. We examine individual bidding behavior among 116 French consumers who participated in experimental auctions conducted seven months apart for five types of fish. We reject preference stability at the individual level, but not at the aggregate market level.

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Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland with number 114219.

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Date of creation: 2011
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Handle: RePEc:ags:eaae11:114219

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Related research

Keywords: aggregation; consumer preferences; demand; experimental auctions; food choice; Marketing; C91; D12; Q13;

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  1. Lusk,Jayson L. & Shogren,Jason F., 2007. "Experimental Auctions," Cambridge Books, Cambridge University Press, number 9780521855167.
  2. Hardle, Wolfgang & Kirman, Alan, 1995. "Nonclassical demand : A model-free examination of price-quantity relations in the Marseille fish market," Journal of Econometrics, Elsevier, vol. 67(1), pages 227-257, May.
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