文章基本信息

标题：Can a simple model predict complex bidding behaviour? Repeated multi-unit conservation auctions.
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作者：Schilizzi, Steven ; Latacz-Lohmann, Uwe
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2005
期号：SUPPL
出版社：Food Distribution Research Society
摘要：Buying environmental services from private landholders using auction mechanisms often involves repeated multi-unit procurement-type auctions. These can either be target-constrained or budget-constrained. Most of the theoretical literature has focused on the former, whereas government agencies have, for conservation purposes, mainly implemented the latter. This paper examines the predictive power of a simple model previously developed for budget-constrained auctions, in comparison to that of the more standard and more complex target-constrained auction model. Experiments carried out in Germany and Australia lend credibility to the nonstandard and simpler budget-constrained model.
关键词：Auctions;procurement;conservation;learning;economic experiments