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

Nicolas Jacquemet (), Robert-Vincent Joule (), Stephane Luchini () and Jason Shogren
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Robert-Vincent Joule: LPS - Laboratoire de Psychologie Sociale - AMU - Aix Marseille Université
Stephane Luchini: GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique

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Abstract: 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.

Keywords: Auctions; Demand revelation; Experimental valuation; Hypothetical bias; Earned money (search for similar items in EconPapers)
Date: 2009-10
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00429894v1
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Citations: View citations in EconPapers (46)

Published in Economics Letters, 2009, 105 (1), pp.36-38. ⟨10.1016/j.econlet.2009.05.010⟩

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Related works:
Journal Article: Earned wealth, engaged bidders? Evidence from a second-price auction (2009)
Working Paper: Earned wealth, engaged bidders? Evidence from a second price auction (2009)
Working Paper: Earned wealth, engaged bidders? Evidence from a second price auction (2009)
Working Paper: Earned Wealth, Engaged Bidders? Evidence from a second price auction (2008)
Working Paper: Earned Wealth, Engaged Bidders? Evidence from a second price auction (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00429894

DOI: 10.1016/j.econlet.2009.05.010

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