An assessment of four popular auction mechanisms in the siting of NIMBY facilities: some experimental evidence

摘要: The issue of locating locally unfriendly but socially beneficial facilities such as landfills and power stations is an important public policy concern in many countries. Local residents the area where are to be located tend exhibit strong opposition, no doubt due asymmetric distribution costs benefits not-in-my-backyard (NIMBY) facilities. A potentially useful mechanism for siting by compensation auctions, which attempt incorporate market into decision making process. In communities name they require host facilities, community demanding least amount gets facility. This research attempts evaluate performance auctions using laboratory exepriments. Four popular auction formats evaluated: first- second-price all-pay first-and sealed-bid auctions. latter two correspond th...