Hypothetical versus real payments in Vickrey auctions

Karen Blumenschein; Magnus Johannesson; Glenn C. Blomquist; Bengt Liljas; Richard M. O'Conor

doi:10.1016/s0165-1765(97)81897-6

Hypothetical versus real payments in Vickrey auctions

Karen Blumenschein
, Magnus Johannesson
, Glenn C. Blomquist
, Bengt Liljas
, Richard M. O'Conor

Producción científica: Article › revisión exhaustiva

29 Citas (Scopus)

Resumen

We compare hypothetical and real payments in a Vickrey auction. The use of hypothetical payments overestimates the real willingness to pay. The results cast doubt on the validity of hypothetical willingness to pay questions for the typical respondent.

Idioma original	English
Páginas (desde-hasta)	177-180
Número de páginas	4
Publicación	Economics Letters
Volumen	56
N.º	2
DOI	https://doi.org/10.1016/s0165-1765(97)81897-6
Estado	Published - oct 17 1997

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/s0165-1765(97)81897-6

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abstract = "We compare hypothetical and real payments in a Vickrey auction. The use of hypothetical payments overestimates the real willingness to pay. The results cast doubt on the validity of hypothetical willingness to pay questions for the typical respondent.",

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AU - O'Conor, Richard M.

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Hypothetical versus real payments in Vickrey auctions

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