The effect of monetary versus nonmonetary endowment on WTP in BDM auctions

Riccardo Vecchio and Azzurra Annunziata

Applied Economics Letters, 2015, vol. 22, issue 2, 137-140

Abstract: We evaluate the effects of monetary and nonmonetary endowments on willingness to pay (WTP) bids in Becker-DeGroot-Marschak (BDM) experimental auctions. Results indicate that subjects provided with a monetary endowment bid more than those that received a nonmonetary endowment.

Date: 2015
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DOI: 10.1080/13504851.2014.929621

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