Shavit, Tal; Shahrabani, Shosh; Benzion, Uri - In: Applied Financial Economics Letters 2 (2006) 5, pp. 333-336
Recent studies have questioned the existence and interpretation of a possible gap between Willingness-To-Pay (WTP) and Willingness-To-Accept (WTA). The study analyses the bidding patterns in buying and selling lottery tickets that represent financial assets using second price auction, and then...