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

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.

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Year of publication:	2009-10
Authors:	Jacquemet, Nicolas ; Joule, Robert-Vincent ; Luchini, Stephane ; Shogren, Jason
Institutions:	HAL
Subject:	Auctions \| Demand revelation \| Experimental valuation \| Hypothetical bias \| Earned money

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00429894 Published, Economics Letters, 2009, 105, 1, 36-38
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010738571