You are here: Home
/ Publication Information
Title: Transaction Costs and the Collection of Information: Presale Measurement on Private Timber Sales
Author: Leffler, Keith B.; Rucker, Randal R.; Munn, Ian A.;
Source: JLEO, V16 N1
Publication Series: Miscellaneous Publication
Description: Measurement efforts to reduce the uncertainty concerning the attributes of heterogeneous goods may simply redistribute wealth and result in social waste. Individuals bearing the cost of such distributional measurement have incentives to develop buying and selling practices that limit such measurement. We examine, both theoretically and empirically, the determinants of the level of distributional measurement efforts in a competitive auction framework. The empirical application, which uses a sample of private timber sales, provides strong support for the implications of the theoretical model of presale measurement.
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
- You may send email to firstname.lastname@example.org to request a hard copy of this publication. (Please specify exactly
which publication you are requesting and your mailing address.)
XML: View XML
Leffler, Keith B.; Rucker, Randal R.; Munn, Ian A. 2000. Transaction Costs and the Collection of Information: Presale Measurement on Private Timber Sales. JLEO, V16 N1
Get the latest version of the Adobe Acrobat reader or Acrobat Reader for Windows with Search and Accessibility