On the Incentive Property of the Iterative Multiple Price List

15 Pages Posted: 27 May 2010

Date Written: October 12, 2006

Abstract

This slide shows a rare example in which the iMPL is not incentive compatible. Harrison et al. (2005) propose the Iterative Multiple Price List (iMPL), which is a very convenient and clever design to elicit subject’s preference in laboratory. Since a non-iterative MPL is incentive compatible, its iteration for the finer grid seems to be incentive compatible as well. But, in some rare cases, it is not. This slide illustrates one of those cases.

Keywords: Iterative Multiple Price List, MPL

JEL Classification: C9, C91, D81

Suggested Citation

Takeuchi, Kan, On the Incentive Property of the Iterative Multiple Price List (October 12, 2006). Available at SSRN: https://ssrn.com/abstract=1615984 or http://dx.doi.org/10.2139/ssrn.1615984

Kan Takeuchi (Contact Author)

Hitotsubashi University ( email )

2-1 Naka Kunitachi-shi
Tokyo 186-8601
Japan

HOME PAGE: http://www.econ.hit-u.ac.jp/~kan/

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