Earned wealth, engaged bidders? Evidence from a second-price auction.
2009 (English)In: Economics Letters, ISSN 0165-1765, E-ISSN 1873-7374, Vol. 105, no 1, 36-38 p.Article in journal (Refereed) PublishedText
This paper considers whether earned wealth affects bidding behavior in an induced-value second-price auction. We find people bid more sincerely in the auction with earned wealth given monetary incentives; earned wealth did not induce sincere bidding in hypothetical auctions.
Place, publisher, year, edition, pages
Lausanne: Elsevier, 2009. Vol. 105, no 1, 36-38 p.
Auctions, Demand revelation, Experimental valuation, Hypothetical bias, Earned money
Economics and Business
IdentifiersURN: urn:nbn:se:umu:diva-115966DOI: 10.1016/j.econlet.2009.05.010ISI: 000273062200010OAI: oai:DiVA.org:umu-115966DiVA: diva2:907536