Earned wealth, engaged bidders? Evidence from a second price auction

Journal article: 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.

Author(s)

Nicolas Jacquemet, Robert-Vincent Joule, Stephane Luchini, Jason Shogren

Journal
  • Economics Letters
Date of publication
  • 2009
SEE THE PUBLICATION
Keywords JEL
C3 D1
Keywords
  • Auctions
  • Demand revelation
  • Experimental valuation
  • Hypothetical bias
  • Earned money
Pages
  • 36-38
URL of the HAL notice
Version
  • 1
Volume
  • 105