We evaluate the impact of three auction mechanisms – the Becker–DeGroot–Marschak (BDM) mechanism, the second-price auction (SPA), and the random nth-price auction (NPA) – in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show...

We evaluate the impact of three auction mechanisms--the Becker-DeGroot-Marschak (BDM) mechanism, the second-price auction (SPA), and the random nth-price auction (NPA)--in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show that the...

We evaluate the impact of three auction mechanisms – the Becker–DeGroot–Marschak (BDM) mechanism, the second-price auction (SPA), and the random nth-price auction (NPA) – in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show...

This paper focuses on the disparity between willingness-to-pay and willingness-to-accept indices in nonmarket valuation. The substitution effect makes agents value net losses higher than opportunity losses. In regard to net losses, we show that imperfect substitutability respectively induces...

This paper compares guilt alleviation and competition for social status in the private provision of a public good. When agents are intrinsically impulsed, that is, they mostly provide the public good in order to alleviate their guilt, they tend to free-ride. In contrast, when agents are...

In repeated-round auction mechanisms with endogenous market-clearing prices, i.e. when prices depend on submitted bids, the assumption of independent private values that underlines the property of incentive-compatibility is to be brought into question; even if these mechanisms provide active...

<TABLE> <TD> <img src="/images/publication/2011MO-01.jpg"></TD> <TD>Sous la direction de Marcelin Joanis et Luc Godbout <p> Si le Québec a été frappé moins durement qu'ailleurs par la dernière récession, il fait toujours face aux importants défis économiques qui se posaient avant la récession : la contraction prochaine du bassin de travailleurs...</p></td></td></table>

Sous la direction de Marcelin Joanis et Luc Godbout Si le Québec a été frappé moins durement qu'ailleurs par la dernière récession, il fait toujours face aux importants défis économiques qui se posaient avant la récession : la contraction prochaine du bassin de travailleurs potentiels,...

This paper proposes three analyses of the tradeoff mechanism between ecotax and carbon credit. Our wish is to compare the ecotax level with the carbon credit price, subject to the minimization of the cost inherent to emissions. We redefine the calculus equations of the firm profit, in which we...