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Showing 1 to 1 of 1 for “"second price Vickrey auctions"”.
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Consumers' purchasing behaviour under risk and uncertainty: three essays on food authenticity
… Becker-DeGroot-Marschak mechanism (BDM) and second price Vickrey auctions (SPVA). It investigates if deviations from theoretical predications can be ascribed to bidding behaviour that is inconsistent with standard theories of decision making (i.e. Expected Utility Theory and Subjective …