In experimental nth price auction, found positive premium for non-GE food In experimental nth price auction, found 15-percent discount for GE food, but difference was only statisti- cally signiicant for one of three foods Surveyed Alabama consumers willing to pay a $0.39 or 19-21 percent premium for non-GE tomatoes Found consumers willing to pay 14 percent less for GE foods In experimental auctions, consumers willing to pay 14 percent more for non-GE food Customers willing to pay 5 percent more for non-GE food
Top answer
Have a look here. pdf And here. org/wiki/Vickrey_auction
— Clive
Have a look here.
pdf And here.
org/wiki/Vickrey_auction
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