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Auctioned and re-auctioned children in 19th century Sweden
ECON, Centre for Economic Analysis, Stockholm.
Umeå University, Faculty of Social Sciences, Department of Economics.
2000 (English)Report (Other academic)
Abstract [en]

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
Keyword [en]
Adverse selection, asymmetric information, common value, English auction, private values
National Category
Economic History History Sociology
URN: urn:nbn:se:umu:diva-79501OAI: diva2:642113

Ny rev. utg.

Available from: 2013-08-20 Created: 2013-08-20 Last updated: 2013-08-22Bibliographically approved

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