The Reverse Auction: A New Approach to Experimental Auction Valuation
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.
|Date of creation:||2006|
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- Shogren, Jason F. & Margolis, Michael & Koo, Cannon & List, John A., 2001.
"A random nth-price auction,"
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Staff General Research Papers Archive
5023, Iowa State University, Department of Economics.
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Natural Field Experiments
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Environmental & Resource Economics,
Springer;European Association of Environmental and Resource Economists, vol. 31(1), pages 35-45, 05.
- James Mintert & Jayson Lusk & John Fox & Mohammad Koohmaraie & Ted Schroeder, 2001.
"In-store valuation of steak tenderness,"
Framed Field Experiments
00186, The Field Experiments Website.
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