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The Becker-DeGroot-Marschak mechanism is not necessarily incentive compatible, even for non-random goods

Citations

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Cited by:

  1. Dragicevic, Arnaud Z. & Ettinger, David, 2011. "Private Valuation of a Public Good in Three Auction Mechanisms," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(2), pages 1-29, April.
  2. Lijia Shi & Jing Xie & Zhifeng Gao, 2018. "The impact of deal†proneness on WTP estimates in incentive†aligned value elicitation methods," Agricultural Economics, International Association of Agricultural Economists, vol. 49(3), pages 353-362, May.
  3. Ondřej Rydval & Andreas Ortmann & Sasha Prokosheva & Ralph Hertwig, 2009. "How certain is the uncertainty effect?," Experimental Economics, Springer;Economic Science Association, vol. 12(4), pages 473-487, December.
  4. A. Banerji & Jeevant Rampal, 2020. "Reverse Endowment Effect for a New Product," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 786-805, May.
  5. van Winden, Frans & Krawczyk, Michal & Hopfensitz, Astrid, 2011. "Investment, resolution of risk, and the role of affect," Journal of Economic Psychology, Elsevier, vol. 32(6), pages 918-939.
  6. Yonezawa, Koichi & Richards, Timothy J., 2016. "Risk Aversion and Preference for Store Price Format," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-23.
  7. Cubitt, Robin & Gächter, Simon & Quercia, Simone, 2017. "Conditional cooperation and betrayal aversion," Journal of Economic Behavior & Organization, Elsevier, vol. 141(C), pages 110-121.
  8. Roberto Mosquera & Mofioluwasademi Odunowo & Trent McNamara & Xiongfei Guo & Ragan Petrie, 2020. "The economic effects of Facebook," Experimental Economics, Springer;Economic Science Association, vol. 23(2), pages 575-602, June.
  9. James Berry & Greg Fischer & Raymond Guiteras, 2020. "Eliciting and Utilizing Willingness to Pay: Evidence from Field Trials in Northern Ghana," Journal of Political Economy, University of Chicago Press, vol. 128(4), pages 1436-1473.
  10. Yingqi Zhong & Linhai Wu & Xiujuan Chen & Zuhui Huang & Wuyang Hu, 2018. "Effects of Food-Additive-Information on Consumers’ Willingness to Accept Food with Additives," IJERPH, MDPI, vol. 15(11), pages 1-17, October.
  11. Michael Grimm & Nathalie Luck & Franziska Steinhübel, 2023. "Consumers' willingness to pay for organic rice: Insights from a non‐hypothetical experiment in Indonesia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(1), pages 83-103, January.
  12. Maik Kecinski & Deborah Kerley Keisner & Kent D. Messer & William D. Schulze, 2018. "Measuring Stigma: The Behavioral Implications of Disgust," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(1), pages 131-146, May.
  13. Alexia Gaudeul, 2013. "Social preferences under uncertainty," Jena Economics Research Papers 2013-024, Friedrich-Schiller-University Jena.
  14. Whiting, Alix & Kecinski, Maik & Li, Tongzhe & r, Kent D. Messer & Parker, Julia, 2019. "The importance of selecting the right messenger: A framed field experiment on recycled water products," Ecological Economics, Elsevier, vol. 161(C), pages 1-8.
  15. Rosato, Antonio & Tymula, Agnieszka A., 2019. "Loss aversion and competition in Vickrey auctions: Money ain't no good," Games and Economic Behavior, Elsevier, vol. 115(C), pages 188-208.
  16. Samir Mamadehussene & Francesco Sguera, 2023. "On the Reliability of the BDM Mechanism," Management Science, INFORMS, vol. 69(2), pages 1166-1179, February.
  17. Glimcher, Paul & Tymula, Agnieszka & Woelbert, Eva, 2013. "Flexible valuations for consumer goods as measured by the Becker-DeGroot-Marschak mechanism," Working Papers 2013-20, University of Sydney, School of Economics.
  18. Liaukonyte, Jura & Streletskaya, Nadia A. & Kaiser, Harry M., 2015. "Noisy Information Signals and Endogenous Preferences for Labeled Attributes," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 40(2), pages 1-24, May.
  19. Liebenehm, S. & Waibel, H., 2018. "Really too risk averse and too impatient to escape poverty? Insights from a field experiment in West Africa," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277480, International Association of Agricultural Economists.
  20. Erich Renz & Marvin M. Müller & Kim Leonardo Böhm, 2023. "When nudges promote neutral behavior: an experimental study of managerial decisions under risk and uncertainty," Journal of Business Economics, Springer, vol. 93(8), pages 1309-1354, October.
  21. Currarini, Sergio & Mengel, Friederike, 2016. "Identity, homophily and in-group bias," European Economic Review, Elsevier, vol. 90(C), pages 40-55.
  22. Bull, Charles & Courty, Pascal & Doyon, Maurice & Rondeau, Daniel, 2019. "Failure of the Becker–DeGroot–Marschak mechanism in inexperienced subjects: New tests of the game form misconception hypothesis," Journal of Economic Behavior & Organization, Elsevier, vol. 159(C), pages 235-253.
  23. Hoffmann, Bridget, 2018. "Do non-monetary prices target the poor? Evidence from a field experiment in India," Journal of Development Economics, Elsevier, vol. 133(C), pages 15-32.
  24. Achilleas Vassilopoulos & Andreas C. Drichoutis & Rodolfo M. Nayga, Jr, 2018. "Loss Aversion, Expectations and Anchoring in the BDM Mechanism," Working Papers 2018-1, Agricultural University of Athens, Department Of Agricultural Economics.
  25. Parkhurst, Gregory M. & Nowell, Clifford, 2014. "The Role of Confidence in Truthful Revelation of Private Values," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 43(2), pages 1-16, August.
  26. Ward, Patrick S. & Gupta, Shweta & Singh, Vartika & Ortega, David L. & Gautam, Shriniwas, 2020. "What is the intrinsic value of fertilizer? Experimental value elicitation and decomposition in the hill and terai regions of Nepal," Food Policy, Elsevier, vol. 90(C).
  27. William S. Neilson & Michael McKee & Robert P. Berrens, 2013. "Value and outcome uncertainty as explanations for the WTA vs WTP disparity," Chapters, in: John A. List & Michael K. Price (ed.), Handbook on Experimental Economics and the Environment, chapter 6, pages 171-189, Edward Elgar Publishing.
  28. Ufer, Danielle & Ortega, David L. & Wolf, Christopher A. & Swanson, Janice & McKendree, Melissa, 2022. "Market Acceptance of Animal Welfare-Improving Biotechnology: Gene-Editing and Immunocastration in U.S. Pork," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 47(2), May.
  29. Messer, Kent D. & Poe, Gregory L. & Rondeau, Daniel & Schulze, William D. & Vossler, Christian A., 2010. "Social preferences and voting: An exploration using a novel preference revealing mechanism," Journal of Public Economics, Elsevier, vol. 94(3-4), pages 308-317, April.
  30. Samuel D. Bell & Nadia A. Streletskaya, 2019. "The Random Quantity Mechanism: Laboratory and Field Tests of a Novel Cost-Revealing Procurement Mechanism," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(3), pages 899-921, July.
  31. Silvia Bou & Jordi Brandts & Magda Cayón & Pablo Guillén, 2016. "The price of luck: paying for the hot hand of others," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 2(1), pages 60-72, May.
  32. Alem, Yonas & Hassen, Sied & Köhlin, Gunnar, 2018. "Decision-making within the Household: The Role of Autonomy and Differences in Preferences," Working Papers in Economics 724, University of Gothenburg, Department of Economics.
  33. Ellis, Addison & Kropp, Jaclyn D. & Norton, Michael T., 2013. "Estimating the Indirect Economic Costs to Shrimp Consumers from the 2010 Deepwater Horizon Gulf Coast Oil Spill," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142576, Southern Agricultural Economics Association.
  34. Cullen, Zoë & Perez-Truglia, Ricardo, 2023. "The salary taboo privacy norms and the diffusion of information," Journal of Public Economics, Elsevier, vol. 222(C).
  35. repec:dau:papers:123456789/6445 is not listed on IDEAS
  36. Sebastian Lehmann, 2014. "Toward an Understanding of the BDM: Predictive Validity, Gambling Effects, and Risk Attitude," FEMM Working Papers 150001, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
  37. Thomas Gehrig & Werner Güth & René Levínský, 2016. "On the Value of Transparency and Information Acquisition in Bargaining," German Economic Review, Verein für Socialpolitik, vol. 17(3), pages 337-358, August.
  38. Richard T. Carson & Theodore Groves & John A. List, 2014. "Consequentiality: A Theoretical and Experimental Exploration of a Single Binary Choice," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(1), pages 171-207.
  39. Robert Lensink & Tom Raster & Angelique Timmer, 2018. "Liquidity Constraints and Willingness to Pay for Solar Lamps and Water Filters in Jakarta," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(4), pages 577-587, September.
  40. Neil J. Buckley & Katherine Cuff & Jeremiah Hurley & Logan McLeod & Robert Nuscheler & David Cameron, 2012. "Willingness‐to‐pay for parallel private health insurance: evidence from a laboratory experiment," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 45(1), pages 137-166, February.
  41. Drichoutis, Andreas C. & Nayga, Rodolfo M., 2022. "Game form recognition in preference elicitation, cognitive abilities, and cognitive load," Journal of Economic Behavior & Organization, Elsevier, vol. 193(C), pages 49-65.
  42. Joshua Hascher & Nitisha Desai & Ian Krajbich, 2021. "Incentivized and non-incentivized liking ratings outperform willingness-to-pay in predicting choice," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 16(6), pages 1464-1484, November.
  43. Chetan Dave & Catherine Eckel & Cathleen Johnson & Christian Rojas, 2010. "Eliciting risk preferences: When is simple better?," Journal of Risk and Uncertainty, Springer, vol. 41(3), pages 219-243, December.
  44. Schulze, William & Maertens, Annemie & Wansink, Brian, 2013. "Eating dogfood: Examining the relative roles of reason and emotion," Journal of Economic Behavior & Organization, Elsevier, vol. 92(C), pages 202-213.
  45. Florenz Plassmann & T. Nicolaus Tideman, 2007. "Efficient Urban Renewal Without Takings: Two Solutions to the Land Assembly Problem," Working Papers e07-8, Virginia Polytechnic Institute and State University, Department of Economics.
  46. Cerroni, S. & Watson, V. & Macdiarmid, J., 2018. "Preferences for healthy and environmentally sustainable food: Combining induced-value and home-grown experiments," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277155, International Association of Agricultural Economists.
  47. Samuel E. Bodily & Phillip E. Pfeifer, 2010. "Darden's Luckiest Student: Lessons from a High-Stakes Risk Experiment," Decision Analysis, INFORMS, vol. 7(4), pages 331-345, December.
  48. COMBRIS Pierre & SEABRA PINTO Alexandra & GIRAUD HERAUD Eric, 2015. "Relative willingness to pay and surplus comparison mechanism in experimental auctions," Cahiers du GREThA (2007-2019) 2015-20, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
  49. Nicolaus Tideman & Florenz Plassmann, 2017. "Efficient collective decision-making, marginal cost pricing, and quadratic voting," Public Choice, Springer, vol. 172(1), pages 45-73, July.
  50. Corchón Luis Carlos & Zudenkova Galina, 2013. "The Welfare Effects of Location and Quality in Oligopoly," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 13(2), pages 1143-1178, July.
  51. Roxane Bricet, 2018. "Preferences for information precision under ambiguity," THEMA Working Papers 2018-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
  52. Bazzani, Claudia & Nayga, Rodolfo M. Jr. & Caputo, Vincenzina & Canavari, Maurizio & Danforth, Diana M., 2016. "On the Use of the BDM Mechanism in Non-Hypothetical Choice Experiments," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235904, Agricultural and Applied Economics Association.
  53. Coutts, Alexander, 2019. "Testing models of belief bias: An experiment," Games and Economic Behavior, Elsevier, vol. 113(C), pages 549-565.
  54. Agnes Bäker & Werner Güth & Kerstin Pull & Manfred Stadler, 2014. "Entitlement and the efficiency-equality trade-off: an experimental study," Theory and Decision, Springer, vol. 76(2), pages 225-240, February.
  55. Christian Vossler & Michael McKee, 2006. "Induced-Value Tests of Contingent Valuation Elicitation Mechanisms," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 35(2), pages 137-168, October.
  56. Svirsky, Daniel, 2014. "Money is no object: Testing the endowment effect in exchange goods," Journal of Economic Behavior & Organization, Elsevier, vol. 106(C), pages 227-234.
  57. Ben Yishay, Ariel & Fraker, Andrew & Guiteras, Raymond & Palloni, Giordano & Shah, Neil Buddy & Shirrell, Stuart & Wang, Paul, 2017. "Microcredit and willingness to pay for environmental quality: Evidence from a randomized-controlled trial of finance for sanitation in rural Cambodia," Journal of Environmental Economics and Management, Elsevier, vol. 86(C), pages 121-140.
  58. Hambulo Ngoma & Paswel Marenya & Adane Tufa & Arega Alene & Lovemore Chipindu & Md Abdul Matin & Christian Thierfelder & David Chikoye, 2023. "Smallholder farmers' willingness to pay for two‐wheel tractor‐based mechanisation services in Zambia and Zimbabwe," Journal of International Development, John Wiley & Sons, Ltd., vol. 35(7), pages 2107-2128, October.
  59. Richards, Timothy J. & Hamilton, Stephen F., 2012. "Obesity and Hyperbolic Discounting: An Experimental Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(2), pages 1-18, August.
  60. Richard Carson & Theodore Groves, 2007. "Incentive and informational properties of preference questions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 181-210, May.
  61. Johnston, Marie, 2014. "Contingent Valuation: A Comparison of Referendum and Voluntary Contribution Mechanisms," 2014 Conference (58th), February 4-7, 2014, Port Macquarie, Australia 165843, Australian Agricultural and Resource Economics Society.
  62. Maximilian Spath, 2023. "The qualitative accuracy of the Becker-DeGroot-Marshak method," Papers 2302.04055, arXiv.org.
  63. Maurizio Canavari & Andreas C. Drichoutis & Jayson L. Lusk & Rodolfo M. Nayga, Jr., 2018. "How to run an experimental auction: A review of recent advances," Working Papers 2018-5, Agricultural University of Athens, Department Of Agricultural Economics.
  64. Pengfei Liu & Xiaohui Tian, 2021. "Downward Hypothetical Bias in the Willingness to Accept Measure for Private Goods: Evidence from a Field Experiment," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(5), pages 1679-1699, October.
  65. Young-Il Kim & Jungmin Lee, 2012. "Estimating Risk Aversion Using Individual-Level Survey Data," Korean Economic Review, Korean Economic Association, vol. 28, pages 221-239.
  66. Kluger, Brian D. & Slezak, Steve L., 2018. "Signal jamming models of fraudulent misreporting and economic prospects: An experimental investigation," Journal of Economic Behavior & Organization, Elsevier, vol. 151(C), pages 254-283.
  67. Bridget Hoffmann, 2016. "Do Non-Monetary Prices Target the Poor?: Evidence from a Field Experiment in India," IDB Publications (Working Papers) 95977, Inter-American Development Bank.
  68. Danielle Ufer & David L. Ortega & Christopher A. Wolf, 2022. "Information and consumer demand for milk attributes: Are redundant labels an effective marketing strategy?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(2), pages 960-981, June.
  69. Romstad, Eirik, 2012. "Truthful revelation in nonmarket valuation," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126724, International Association of Agricultural Economists.
  70. repec:cup:judgdm:v:16:y:2021:i:6:p:1464-1484 is not listed on IDEAS
  71. Cole, Shawn & Fernando, A. Nilesh & Stein, Daniel & Tobacman, Jeremy, 2020. "Field comparisons of incentive-compatible preference elicitation techniques," Journal of Economic Behavior & Organization, Elsevier, vol. 172(C), pages 33-56.
  72. Shi, Lijia & House, Lisa & Gao, Zhifeng, 2012. "Consumers’ Willingness-to-pay for Organic and Local Blueberries: A Multi-store BDM Auction Controlling for Purchase Intentions," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124998, Agricultural and Applied Economics Association.
  73. Ortega, David L. & Wolf, Christopher A., 2018. "Demand for farm animal welfare and producer implications: Results from a field experiment in Michigan," Food Policy, Elsevier, vol. 74(C), pages 74-81.
  74. David de Meza & Diane Reyniers, 2013. "Debiasing the Becker – DeGroot – Marschak valuation mechanism," Economics Bulletin, AccessEcon, vol. 33(2), pages 1446-1456.
  75. Lijia Shi & Lisa A. House & Zhifeng Gao, 2013. "Impact of Purchase Intentions on Full and Partial Bids in BDM Auctions: Willingness-to-pay for Organic and Local Blueberries," Journal of Agricultural Economics, Wiley Blackwell, vol. 64(3), pages 707-718, September.
  76. Khan, Muhammad Jawad & Atallah, Shadi S. & Kalaitzandonakes, Maria H. & Ellison, Brenna, 2022. "Consumer willingness to pay for products derived from diversified forests: the case of tree syrups," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322464, Agricultural and Applied Economics Association.
  77. James Murphy & Thomas Stevens & Lava Yadav, 2010. "A Comparison of Induced Value and Home-Grown Value Experiments to Test for Hypothetical Bias in Contingent Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(1), pages 111-123, September.
  78. Dougherty, John P. & Flatnes, Jon Einar & Gallenstein, Richard A. & Miranda, Mario J. & Sam, Abdoul G., 2020. "Climate change and index insurance demand: Evidence from a framed field experiment in Tanzania," Journal of Economic Behavior & Organization, Elsevier, vol. 175(C), pages 155-184.
  79. William Neilson & Michael McKee & Robert P. Berrens, 2008. "Value and Outcome Uncertainty as Explanations for the WTA vs WTP Disparity: Theory and Experimental Evidence," Working Papers 08-07, Department of Economics, Appalachian State University.
  80. Basu, Amita & Srinivasan, Narayanan, 2021. "A Modified Contingent Valuation Method Shrinks Gain-Loss Asymmetry," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 94(C).
  81. Bell, Samuel D., 2017. "Private costs for environmental goods provision in a development context: lab and field tests of a novel cost-revealing mechanism," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259111, Agricultural and Applied Economics Association.
  82. Swati Dutta & Jyoti Prasad Mukhopadhyay & Viswanath Pingali, 2016. "Endowment Effects in Bundles," Studies in Microeconomics, , vol. 4(1), pages 27-45, June.
  83. Combris, Pierre & Giraud-Héraud, Eric & Pinto, Alexandra Seabra, 2015. "Relative willingness to pay and surplus comparison mechanism," 143rd Joint EAAE/AAEA Seminar, March 25-27, 2015, Naples, Italy 202755, European Association of Agricultural Economists.
  84. repec:ags:aaea22:335919 is not listed on IDEAS
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