| Description |
1 online resource (xii, 304 pages) : illustrations |
| Series |
Quantitative methods for applied economics and business research |
|
Quantitative methods for applied economics and business research.
|
| Contents |
Incentive compatible auctions: theory and evidence -- Value theory -- Conducting experimental auctions: some preliminaries -- Conducting experimental auctions -- Data analysis -- Valuation case studies -- Auction design: case studies -- Validity of experimental auctions -- The future of experimental auctions |
| Summary |
"Economists, psychologists, and marketers are interested in determining the monetary value people place on non-market goods for a variety of reasons: to carry out cost-benefit analysis, to determine the welfare effects of technological innovation or public policy, to forecast new product success, and to understand individual and consumer behavior. Unfortunately, many currently available techniques for eliciting individuals' values suffer from a serious problem in that they involve asking individuals hypothetical questions about intended behavior. Experimental auctions circumvent this problem because they involve individuals exchanging real money for real goods in an active market. This represents a promising means for eliciting non-market values |
|
Lusk and Shogren provide a comprehensive guide to the theory and practice of experimental auctions. It will be a valuable resource for graduate students, practitioners, and researchers concerned with the design and utilization of experimental auctions in applied economic and marketing research."--Jacket |
| Bibliography |
Includes bibliographical references (pages 279-296) and index |
| Notes |
Print version record |
| Subject |
Auctions.
|
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Consumers' preferences -- Mathematical models
|
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BUSINESS & ECONOMICS -- Economics -- General.
|
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BUSINESS & ECONOMICS -- Reference.
|
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Auctions
|
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Consumers' preferences -- Mathematical models
|
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Auktionstheorie
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Experimentelle Spieltheorie
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Mathematisches Modell
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Verbraucherverhalten
|
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Auktion
|
| Form |
Electronic book
|
| Author |
Shogren, Jason F
|
| ISBN |
9781139129237 |
|
1139129236 |
|
9780511611261 |
|
0511611269 |
|
