| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
EXPERIMENTAL EXAMINATION OF A THIN MARKET: PRICE BEHAVIOR IN A DECLINING TERMINAL MARKET REVISITED
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| Autores: |
Nelson, Robert G.
Turner, Steven C.
|
| Data: |
2003-01-07
|
| Ano: |
1995
|
| Palavras-chave: |
Auction
Experimental economics
Price discovery
Thin market
Marketing
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| Resumo: |
Perceived characteristics of thin markets are described and approaches to furthering their study are suggested. Design features of a laboratory thin market, patterned after a typical livestock marketing situation, are described. Price bias and variation from a "thick" private negotiation market with 22 traders is compared to that from a "thin" auction market with 8 traders. No systematic price bias was found in any of the markets. Price variation was actually lower in the thin auction market.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
6592
http://purl.umn.edu/15328
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| Editor: |
AgEcon Search
|
| Relação: |
Journal of Agricultural and Applied Economics>Volume 27, Number 01, July 1995
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| Formato: |
12
application/pdf
|
