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| Conservation (Environment) | 1 |
| Laboratory Experiments | 1 |
| Microeconomics | 1 |
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| Journal of Policy Analysis… | 1 |
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| Cummings, Ronald G. | 1 |
| Holt, Charles A. | 1 |
| Laury, Susan K. | 1 |
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| Journal Articles | 1 |
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Direct linkCummings, Ronald G.; Holt, Charles A.; Laury, Susan K. – Journal of Policy Analysis and Management, 2004
In recent years, interest has been growing in policy applications of different auction systems. This paper reports a series of experiments that were used to design and implement an auction in a unique policymaking environment. In April 2000, the Georgia legislature passed a law that mandated that the state hold an auction in drought years to pay…
Descriptors: Laboratory Experiments, Public Policy, Policy Formation, Microeconomics
