{"id":"https://openalex.org/W2008682767","doi":"https://doi.org/10.2307/1242024","title":"Information Effects in Contingent Markets","display_name":"Information Effects in Contingent Markets","publication_year":1989,"publication_date":"1989-08-01","ids":{"openalex":"https://openalex.org/W2008682767","doi":"https://doi.org/10.2307/1242024","mag":"2008682767"},"language":"en","primary_location":{"id":"doi:10.2307/1242024","doi":"https://doi.org/10.2307/1242024","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1242024","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5068781717","display_name":"John C. Bergstrom","orcid":"https://orcid.org/0000-0003-4948-8302","observed_orcids":["https://orcid.org/0000-0003-4948-8302"]},"institutions":[{"id":"https://openalex.org/I165733156","display_name":"University of Georgia","ror":"https://ror.org/00te3t702","country_code":"US","type":"education","lineage":["https://openalex.org/I165733156"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"John C. Bergstrom","raw_affiliation_strings":["Department of Agricultural Economics, University of Georgia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Agricultural Economics, University of Georgia","institution_ids":["https://openalex.org/I165733156"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5111890140","display_name":"John R. Stoll","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I91045830","display_name":"Texas A&M University","ror":"https://ror.org/01f5ytq51","country_code":"US","type":"education","lineage":["https://openalex.org/I91045830"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"John R. Stoll","raw_affiliation_strings":["Department of Agricultural Economics Texas A\u2026M University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Agricultural Economics Texas A\u2026M University","institution_ids":["https://openalex.org/I91045830"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5080033018","display_name":"Alan John Randall","orcid":"https://orcid.org/0000-0003-1028-5903","observed_orcids":["https://orcid.org/0000-0003-1028-5903"]},"institutions":[{"id":"https://openalex.org/I52357470","display_name":"The Ohio State University","ror":"https://ror.org/00rs6vg23","country_code":"US","type":"education","lineage":["https://openalex.org/I52357470"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Alan Randall","raw_affiliation_strings":["Department of Agricultural Economics and Rural Sociology , Ohio State University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Agricultural Economics and Rural Sociology , Ohio State University","institution_ids":["https://openalex.org/I52357470"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3750,"currency":"USD","value_usd":3750},"apc_paid":null,"fwci":5.4778,"has_fulltext":false,"cited_by_count":98,"citation_normalized_percentile":{"value":0.94769359,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"71","issue":"3","first_page":"685","last_page":"691"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10841","display_name":"Economic and Environmental Valuation","score":0.5360999703407288,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10841","display_name":"Economic and Environmental Valuation","score":0.5360999703407288,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.29350000619888306,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.04659999907016754,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/information-effects","display_name":"information effects","score":0.828000009059906},{"id":"https://openalex.org/keywords/information-bias","display_name":"information bias","score":0.671999990940094},{"id":"https://openalex.org/keywords/free-riding","display_name":"free-riding","score":0.7870000004768372},{"id":"https://openalex.org/keywords/experimental-markets","display_name":"experimental markets","score":0.7519999742507935}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5817888379096985},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.5536394119262695},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5396826863288879},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.37286150455474854},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3213110864162445},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.11150878667831421},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/1242024","doi":"https://doi.org/10.2307/1242024","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1242024","pdf_url":null,"source":{"id":"https://openalex.org/S91754907","display_name":"American Journal of Agricultural Economics","issn_l":"0002-9092","issn":["0002-9092","1467-8276"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"American Journal of Agricultural Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:oup:ajagec:v:71:y:1989:i:3:p:685-691.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2307/1242024","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":22,"referenced_works":["https://openalex.org/W87829136","https://openalex.org/W146049952","https://openalex.org/W1502815568","https://openalex.org/W1520217141","https://openalex.org/W1534392094","https://openalex.org/W1547209319","https://openalex.org/W1591309577","https://openalex.org/W1974236995","https://openalex.org/W1990292076","https://openalex.org/W1998548864","https://openalex.org/W2004175816","https://openalex.org/W2010308320","https://openalex.org/W2013760137","https://openalex.org/W2013908649","https://openalex.org/W2026087162","https://openalex.org/W2060622042","https://openalex.org/W2061150766","https://openalex.org/W2096452841","https://openalex.org/W2112296513","https://openalex.org/W2150027906","https://openalex.org/W2318930241","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2925006736","https://openalex.org/W2064123916","https://openalex.org/W7098421861","https://openalex.org/W2943329396","https://openalex.org/W6907648678","https://openalex.org/W7098444855","https://openalex.org/W7100534105","https://openalex.org/W7098507300","https://openalex.org/W2187198380","https://openalex.org/W2135102997"],"abstract_inverted_index":{"Abstract":[0],"Information":[1],"\u201cbias\u201d":[2],"in":[3,81],"contingent":[4,16,91],"markets":[5,54],"is":[6],"poorly":[7],"understood.":[8],"In":[9],"this":[10],"paper,":[11],"testable":[12],"hypotheses":[13],"concerning":[14],"beneficial":[15],"market":[17,92],"information":[18,24,28,39,58,73,93],"effects":[19,94],"are":[20,95],"developed":[21],"conceptually.":[22],"Perspective":[23],"and":[25,34,46],"relative":[26],"expenditure":[27],"were":[29],"expected":[30,41],"to":[31,42],"increase":[32,35,48,80],"comprehension":[33],"bids.":[36,49,82],"Provision":[37],"cost":[38],"was":[40],"counteract":[43],"free\u2010riding":[44],"behavior":[45],"also":[47],"Hypothesis":[50],"tests":[51],"using":[52],"experimental":[53],"suggested":[55],"that":[56,88],"each":[57],"type":[59],"induced":[60,75],"small,":[61],"statistically":[62,78],"insignificant":[63],"bid":[64],"increases.":[65],"However,":[66],"the":[67,71,86],"combined":[68],"effect":[69],"of":[70],"three":[72],"types":[74],"a":[76],"desirable,":[77],"significant":[79],"This":[83],"result":[84],"supports":[85],"contention":[87],"not":[89],"all":[90],"\u201cbiases.\u201d":[96]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":8},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
