کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
971346 1479550 2010 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
On price data elicitation: A laboratory investigation
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
On price data elicitation: A laboratory investigation
چکیده انگلیسی
There is abundant literature in experimental research on decision making under risk, which compares, and ranks subjects' preferences on the basis of some elicitation method. The present paper performs a similar analysis in order to compare them. Since pricing data lead in many cases to some anomalies (i.e. status quo bias, endowment effect) we examine three mechanisms to elicit price preferences: willingness-to-pay in a second-price auction, willingness-to-accept in a second-price auction, and certainty equivalent elicited with BDM. A Bayesian interpretation of our results suggests that it is not possible to state ex ante the more appropriate elicitation method for a particular subject: for 1/3 of our sample WTP is preferred, for 1/3 of our sample WTA is preferred, and for the remaining 1/3 BDM is preferred.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of Socio-Economics - Volume 39, Issue 5, October 2010, Pages 540-545
نویسندگان
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