Do participants discount products in experimental auctions
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DOI: 10.1016/j.foodqual.2016.09.002
Abstract: Abstract We compare willingness-to-pay information revealed through bids of the Becker–DeGroot–Marschak (BDM) auction mechanism with inferred valuations and real market prices. Applying nine food products, in three different experiments in which individuals express both bids… read more here.
Keywords: discount; experimental auctions; discount products; products experimental ... See more keywords