Abstract

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.

Disciplines

Agribusiness | Agricultural and Resource Economics | Business

Number of Pages

24

Publisher statement

All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies.

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URL: http://digitalcommons.calpoly.edu/agb_fac/62