journal article

An Augmented Becker-DeGroot-Marschak Mechanism for Transaction Cycles

Weber, Thomas A.  
2012
Economics Letters

We introduce an augmented Becker-DeGroot-Marschak mechanism for the revelation of willingness-to-accept and willingness-to-pay in transaction cycles. The mechanism can be used to test for a behavioral anomaly. (C) 2011 Elsevier B.V. All rights reserved.

Cite this item

Weber, T. A. (2012). An Augmented Becker-DeGroot-Marschak Mechanism for Transaction Cycles. Economics Letters, 114, 43–46. https://doi.org/10.1016/j.econlet.2011.09.001

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Type
journal article
DOI
10.1016/j.econlet.2011.09.001
Web of Science ID

WOS:000300078400014

Author(s)
Weber, Thomas A.  
Date Issued

2012

Published in
Economics Letters
Volume

114

Start page

43

End page

46

Subjects

Compensating variation

•

Equivalent variation

•

Endowment effect

•

Welfare change

•

Willingness-to-accept

•

Willingness-to-pay

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
OES  
Available on Infoscience
March 8, 2012
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/78534