کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
884659 912407 2007 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Choosing a common project: Experimental evidence on the multibidding mechanism
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Choosing a common project: Experimental evidence on the multibidding mechanism
چکیده انگلیسی

[Pérez-Castrillo, D., Wettstein, D., 2002. Choosing wisely: a multibidding approach. American Economic Review 5, 1577-1587.] and [Veszteg, R.F., 2004. Multibidding game under uncertainty. Working paper 14/04. Universidad de Navarra.] propose the use of a multibidding mechanism for situations where agents have to choose a common project. Examples are decisions involving public goods (or public “bads”). We report experimental results that test the practical tractability and effectiveness of multibidding mechanisms in environments where agents hold private information concerning their valuation of the projects. The mechanism performed quite well in the laboratory, providing the ex post efficient outcome in roughly three quarters of the cases across the treatments; moreover, the largest part of the subject pool formed their bids according to theoretical bidding behavior.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 63, Issue 3, July 2007, Pages 394–411
نویسندگان
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