Earned wealth, engaged bidders? Evidence from a second price auction
Article dans une revue: 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.
Auteur(s)
Nicolas Jacquemet, Robert-Vincent Joule, Stephane Luchini, Jason Shogren
Revue
- Economics Letters
Date de publication
- 2009
Mots-clés JEL
Mots-clés
- Auctions
- Demand revelation
- Experimental valuation
- Hypothetical bias
- Earned money
Pages
- 36-38
URL de la notice HAL
Version
- 1
Volume
- 105