A compensation mechanism for siting noxious facilities: Theory and experimental design☆
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This research was partially supported by NSF Grant SES-8312123. We would like to thank Don Coursey, Pat Harker, Richard Kihlstrom, Jim Laing, Wesley Magat, Andrew Postlewaite, Jim Richardson, and Vernon Smith for useful discussions on the low-bid auction mechanism. Mike Selman designed the computer program for the controlled laboratory experiments and two referees provided constructive comments on the paper. An earlier version of this paper was presented at seminars at the University of Pennsylvania and University of Wyoming, where helpful comments were received.
Copyright © 1987 Published by Elsevier Inc.