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Unstable Individual Bids and Stable Market Demand


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


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.

Suggested Citation

  • Alfnes, Frode & Rickertsen, Kyrre & Shogren, Jason F., 2011. "Unstable Individual Bids and Stable Market Demand," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114219, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaae11:114219

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    References listed on IDEAS

    1. 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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    Cited by:

    1. Marette, St├ęphan & Martin, Christophe & Bouillot, Fabienne, 2017. "Two experiments in one: How accounting for context matters for welfare estimates," Food Policy, Elsevier, vol. 66(C), pages 12-24.

    More about this item


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

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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