Auctioned and re-auctioned children in 19th century Sweden
2000 (English)Report (Other academic)
During the 19th century, poor and orphan Swedish children were boarded out. The foster-parents, compensation was determined in English auctions. Some children were re-auctioned. We use historical data from such auctions to study whether informational asymmetry and possibly adverse selection affected the outcome in the market for re-auctioned children. The empirical findings are consistent with some informational asymmetry.
Place, publisher, year, edition, pages
Umeå: Umeå universitet , 2000. , 28 p.
Umeå economic studies, ISSN 0348-1018 ; 468
Adverse selection, asymmetric information, common value, English auction, private values
Economic History History Sociology
IdentifiersURN: urn:nbn:se:umu:diva-79501OAI: oai:DiVA.org:umu-79501DiVA: diva2:642113
Ny rev. utg.2013-08-202013-08-202013-08-22Bibliographically approved