Eliciting Reservation Prices: Becker-DeGroot-Marschak Mechanisms vs. markets

• 1 July 1997
• journal article
• Published by Oxford University Press (OUP) in The Economic Journal
• Vol. 107  (443) , 1079-1089
• https://doi.org/10.1111/1468-0297.00207

Abstract

Keywords

• BECKER DEGROOT
• DEGROOT MARSCHAK
• RESERVATION PRICES
• MARSCHAK MECHANISMS
• COMPATIBLE PROCEDURE
• EXPERIMENTAL ECONOMICS