This paper provides a model that allows for interpreting bids in a Vickrey auction when the good has public good attributes. It also examines information obtained from a Vickrey auction, which collected consumer's willingness-to-pay for pork products that had embedded environmental attributes, and applies the new interpretation to the bids.Consumer/Household Economics,

Hurley, Sean P.

Kliebenstein, James B.

English

Research Papers in Economics

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INTERPRETING BIDS FROM A VICKREY AUCTION WHEN THERE ARE PUBLIC GOOD ATTRIBUTES

INTERPRETING BIDS FROM A VICKREY AUCTION WHEN THERE ARE PUBLIC GOOD ATTRIBUTES

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