Experimental auctions: methods and applications in economic and marketing research
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge [u.a.]
Cambridge Univ. Pr.
2007
|
| Edition: | 1. publ. |
| Series: | Quantitative methods for applied economics and business research
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XII, 304 S. graph. Darst. |
| ISBN: | 0521855160 9780521855167 0521671248 9780521671248 |
Staff View
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| 245 | 1 | 0 | |a Experimental auctions |b methods and applications in economic and marketing research |c Jayson L. Lusk and Jason F. Shogren |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a Cambridge [u.a.] |b Cambridge Univ. Pr. |c 2007 | |
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Record in the Search Index
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| adam_text | Contents
List of figures page ix
List of tables x
1 Introduction 1
1.1 Introduction 1
1.2 Why experimental auctions? 3
1.3 What is an experimental auction? 5
1.4 Purpose of this book and boundaries of coverage 17
2 Incentive compatible auctions: theory and evidence 19
2.1 Introduction 19
2.2 Theory of incentive compatible auctions 20
2.3 Evidence from induced value auctions 27
3 Value theory 34
3.1 Introduction 34
3.2 Valuation under certainty 34
3.3 Valuation under uncertainty 37
3.4 Valuation in a dynamic environment with uncertainty, limited information,
and irreversibility 43
3.5 Summary 44
4 Conducting experimental auctions: some preliminaries 46
4.1 Introduction 46
4.2 Experimental design 47
4.3 Sample size determination 55
4.4 Experiment setting and context: field versus laboratory 57
4.5 Conclusions 61
5 Conducting experimental auctions 62
5.1 Introduction 62
5.2 Training and practice 62
5.3 Endowment versus full bidding 65
5.4 Choosing an auction mechanism 69
5.5 Multiple good valuation, demand reduction, and field substitutes 76
5.6 Learning and affiliation in repeated bidding rounds 80
5.7 Negative values 92
5.8 Conclusions 94
Vll
viii Contents
6 Data analysis 95
6.1 Introduction 95
6.2 Censored regressions with auction bids 95
6.3 Quantile regression with auction bids 100
6.4 Panel data regression with auction bids 103
6.5 Other types of data analysis with auction bids 106
6.6 Conclusions 112
7 Valuation case studies 113
7.1 Introduction 113
7.2 Informing Policy I: beef tenderness grading system 113
7.3 Informing Policy II: valuing safer food 121
7.4 Informing Policy III: tolerance for genetically modified food 129
7.5 Marketing I: forecasting market share of a new product 137
7.6 Marketing II: preferences for fresh food with multiple quality attributes 141
7.7 Marketing III: the value of farm financial records 149
7.8 Controversial goods I: demand for genetically modified food in three
countries 154
7.9 Controversial goods II: irradiation 163
7.10 Controversial goods III: food from animals treated with growth
hormones 169
7.11 Concluding comments 174
Appendices 175
8 Auction design: case studies 196
8.1 Introduction 196
8.2 Preference learning 196
8.3 Willingness to pay, willingness to accept, and the auction mechanism 199
8.4 Second price auction tournaments 209
8.5 Preferences: fixed or fungible? 217
8.6 Gift exchange 225
8.7 Calibration of real and hypothetical auction bids 229
8.8 Hybrid auctions and consequential bidding 239
8.9 Concluding remarks 245
9 Validity of experimental auctions 247
9.1 Introduction 247
9.2 Auction bids and economic theory 248
9.3 Reliability 252
9.4 Convergent validity 255
9.5 Anomalies 261
9.6 Summary 267
10 The future of experimental auctions 269
10.1 Introduction 269
10.2 Ten questions worthy of future research 270
10.3 Concluding remarks 278
References 279
Index 297
|
| any_adam_object | 1 |
| author | Lusk, Jayson L. Shogren, Jason F. 1958- |
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| discipline | Soziologie Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
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| id | DE-604.BV035831950 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:05:39Z |
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| isbn | 0521855160 9780521855167 0521671248 9780521671248 |
| language | English |
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| physical | XII, 304 S. graph. Darst. |
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| publisher | Cambridge Univ. Pr. |
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| series2 | Quantitative methods for applied economics and business research |
| spelling | Lusk, Jayson L. Verfasser aut Experimental auctions methods and applications in economic and marketing research Jayson L. Lusk and Jason F. Shogren 1. publ. Cambridge [u.a.] Cambridge Univ. Pr. 2007 XII, 304 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Quantitative methods for applied economics and business research Includes bibliographical references and index Auctions Consumers' preferences / Mathematical models Mathematisches Modell Consumers' preferences Mathematical models Auktionstheorie (DE-588)4732699-2 gnd rswk-swf Verbraucherverhalten (DE-588)4062644-1 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Auktion (DE-588)4125859-9 gnd rswk-swf Experimentelle Spieltheorie (DE-588)4252658-9 gnd rswk-swf Auktion (DE-588)4125859-9 s Verbraucherverhalten (DE-588)4062644-1 s Mathematisches Modell (DE-588)4114528-8 s DE-604 Auktionstheorie (DE-588)4732699-2 s Experimentelle Spieltheorie (DE-588)4252658-9 s Shogren, Jason F. 1958- Verfasser (DE-588)130507229 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018690467&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Lusk, Jayson L. Shogren, Jason F. 1958- Experimental auctions methods and applications in economic and marketing research Auctions Consumers' preferences / Mathematical models Mathematisches Modell Consumers' preferences Mathematical models Auktionstheorie (DE-588)4732699-2 gnd Verbraucherverhalten (DE-588)4062644-1 gnd Mathematisches Modell (DE-588)4114528-8 gnd Auktion (DE-588)4125859-9 gnd Experimentelle Spieltheorie (DE-588)4252658-9 gnd |
| subject_GND | (DE-588)4732699-2 (DE-588)4062644-1 (DE-588)4114528-8 (DE-588)4125859-9 (DE-588)4252658-9 |
| title | Experimental auctions methods and applications in economic and marketing research |
| title_auth | Experimental auctions methods and applications in economic and marketing research |
| title_exact_search | Experimental auctions methods and applications in economic and marketing research |
| title_full | Experimental auctions methods and applications in economic and marketing research Jayson L. Lusk and Jason F. Shogren |
| title_fullStr | Experimental auctions methods and applications in economic and marketing research Jayson L. Lusk and Jason F. Shogren |
| title_full_unstemmed | Experimental auctions methods and applications in economic and marketing research Jayson L. Lusk and Jason F. Shogren |
| title_short | Experimental auctions |
| title_sort | experimental auctions methods and applications in economic and marketing research |
| title_sub | methods and applications in economic and marketing research |
| topic | Auctions Consumers' preferences / Mathematical models Mathematisches Modell Consumers' preferences Mathematical models Auktionstheorie (DE-588)4732699-2 gnd Verbraucherverhalten (DE-588)4062644-1 gnd Mathematisches Modell (DE-588)4114528-8 gnd Auktion (DE-588)4125859-9 gnd Experimentelle Spieltheorie (DE-588)4252658-9 gnd |
| topic_facet | Auctions Consumers' preferences / Mathematical models Mathematisches Modell Consumers' preferences Mathematical models Auktionstheorie Verbraucherverhalten Auktion Experimentelle Spieltheorie |
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