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	Provedor de dados AgEcon (1) Autor Alevy, Jonathan E. (1) Cristi, Oscar (1) Melo, Oscar (1) Palavra-chave Auction design (1) Farm Management (1) Field experiment (1) Research Methods/ Statistical Methods (1) Resource /Energy Economics and Policy (1) Risk and Uncertainty (1) Water market (1) Mais... Tipo do documento Journal Article (1) Ano 2010 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Right-to-Choose Auctions: A Field Study of Water Markets in the Limari Valley of Chile AgEcon Alevy, Jonathan E.; Cristi, Oscar; Melo, Oscar. Field experiments were conducted with farmers in the Limarí Valley of Chile to test extant theory on right-to-choose auctions. Water volumes that differed by reservoir source and time of availability were offered for sale by the research team. The auctions were supplemented by protocols to elicit risk and time preferences of bidders. We find that the right-to-choose auctions raise significantly more revenue than the benchmark sequential auction. Risk attitudes explain a substantial amount of the difference in bidding between auction institutions, consonant with received theory. The auction bidding revealed distinct preferences for water types, which has implications for market re-design. Tipo: Journal Article Palavras-chave: Water market; Field experiment; Auction design; Farm Management; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; Risk and Uncertainty. Ano: 2010 URL: http://purl.umn.edu/90821 Registros recuperados: 1 Primeira ... 1 ... Última

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