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Experimental Economics and the Environment: Eliciting Values for Controversial Goods.

机译:实验经济学与环境:提高有争议商品的价值。

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摘要

We illustrate the experimental method by examining bidding behavior for controversial goods, i.e., goods in which bidders have positive and negative values. Our results suggest that bidding behavior differs across auction type. Bidders with positive induced values bid sincerely in a WTP auction. Bidders bid conservatively, however, in the WTA auction, foregoing profitable opportunities. Informing bidders of their optimal strategy serves to attenuate bidding discrepancies but does not eliminate them. Treating the WTP and WTA auctions as equivalent given positive and negative values could lead one to overstate the costs relative to the benefits of the controversial good.
机译:我们通过研究有争议的商品(即出价者具有正值和负值的商品)的出价行为来说明实验方法。我们的结果表明,不同拍卖类型的出价行为不同。具有正诱导值的竞标者在WTP拍卖中真诚竞标。投标人在WTA拍卖中保守地投标,从而带来了有利可图的机会。向投标人告知其最佳策略有助于减轻投标差异,但并不能消除它们。在给定正值和负值的情况下,将WTP和WTA拍卖视为等价物可能会导致人们夸大成本,而不是有争议商品的收益。

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