An augmented Becker-DeGroot-Marschak mechanism for transaction cycles

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.


Published in:
Economics Letters, 114, 43-46
Year:
2012
Keywords:
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 Record created 2012-03-08, last modified 2018-03-17


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