Scandinavian Working Papers in Economics

SSE/EFI Working Paper Series in Economics and Finance,
Stockholm School of Economics

No 273: Auctioned and Re-Auctioned Children in 19th Century Sweden

Mats A. Bergman () and Sofia Lundberg ()
Additional contact information
Mats A. Bergman: Dept. of Economics, Stockholm School of Economics, Postal: P.O. Box 6501, SE-113 83 Stockholm, Sweden
Sofia Lundberg: Department of Economics, Postal: Umeå University, SE-901 87 Umeå, Sweden

Abstract: 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 adverse selection.

Keywords: Adverse selection; asymmetric information; common value; English auction; private values.

JEL-codes: D44; N33

32 pages, October 22, 1998

Download statistics

Questions (including download problems) about the papers in this series should be directed to Helena Lundin ()
Report other problems with accessing this service to Sune Karlsson ().

This page generated on 2020-02-16 18:55:44.