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NL888 Posted 12 years ago
Grammar

What does " nth price auction" mean?

Context:

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

  • Have a look here.
  • pdf And here.
  • org/wiki/Vickrey_auction
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