Publication

An Augmented Becker-DeGroot-Marschak Mechanism for Transaction Cycles

Thomas Alois Weber
2012
Journal Articles

Abstract

We introduce an augmented Becker-DeGroot-Marschak mechanism for the revelation of willingness-to-accept and willingness-to-pay in transaction cycles. The mechanism can be used to test for a behavioral anomaly. (C) 2011 Elsevier B.V. All rights reserved.

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An Augmented Becker-DeGroot-Marschak Mechanism for Transaction Cycles

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