Using Bilateral Negotiation Auctions,economist John List Found That ________

question 101

Multiple Choice

Using bilateral negotiation auctions,economist John List found that ________.

• A) sellers refused to strike deals with buyers in private negotiations
• B) exchanges converged fairly rapidly to the market equilibrium price
• C) buyers failed to capture any consumer surplus
• D) his findings were very different from economist Vernon Smith's earlier double oral auction experiments