Data/hora: 09/06/2024 15:44:34

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Improving the Use of Experimental Auctions in Africa: Theory and Evidence
Autores: | Morawetz,   Ulrich B.; De Groote,   Hugo; Kimenju,   Simon Chege.
Data: | 2011-10-27
Ano: | 2011
Palavras-chave: | Africa; BDM mechanism; Experimenter effect; First-price auction; Income effect; Order effect; Time of day effect; Research Methods/ Statistical Methods.
Resumo: | Experimental auctions have not been widely used in Africa. However, auctions are important tools for evaluating new products and technologies. To increase the quality of these experiments, we explore an alternative first-price bidding mechanism that is more similar to African market exchanges and we analyze factors likely to affect bidding. Experiments with African consumers show that the proposed first-price mechanism has no advantage over conventional second-price mechanisms. Results show high and significant cash-in-hand, experimenter, and time of day effects in main rounds, and significant ordering effects in test rounds. These effects need to be carefully considered when applying the Becker-DeGroot-Marschak mechanism in Africa.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/117161
Relação: | Journal of Agricultural and Resource Economics&gt;Volume 36, Number 2, August 2011
Formato: | 17