Auctioned and Re-Auctioned Children in 19th Century Sweden

During the 19th century, poor and orphan Swedish children were boarded out. The foster-parents' compensation was determined in English auctions. Some children were re-auctioned. We use historical data from such auctions to study whether informational asymmetry and possibly adverse selection affected the outcome in the market for re-auctioned children. The empirical findings are consistent with adverse selection.

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Year of publication:	1998-10-22
Authors:	Bergman, Mats A. ; Lundberg, Sofia
Institutions:	Economics Institute for Research (SIR), Handelshögskolan i Stockholm
Subject:	Adverse selection \| asymmetric information \| common value \| English auction \| private values

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Series:	SSE/EFI Working Paper Series in Economics and Finance.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series in Economics and Finance Number 273 32 pages
Classification:	D44 - Auctions ; N33 - Europe: Pre-1913
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005423815