Unstable Individual Bids and Stable Market Demand

We explore preference stability at the individual and market level. We examine individual bidding behavior among 116 French consumers who participated in experimental auctions conducted seven months apart for five types of fish. We reject preference stability at the individual level, but not at the aggregate market level.


Subject(s):
Issue Date:
2011
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/114219
Total Pages:
12
JEL Codes:
C91; D12; Q13




 Record created 2017-04-01, last modified 2017-04-26

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