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To be(tween) or not to be(tween)? Combining between- and within-subjects design characteristics in preference elicitation for organic and local apples

Drichoutis, Andreas C.; Cerjak, Marija; Kovačić, Damir; … - 2024

This study examines consumer preferences for organic and local apples by combining between- and within-subject design characteristics in a second price auction. We first ask subjects to bid for 1 Kg of apples without any information. In subsequent rounds we reveal information about the organic...

Persistent link: https://www.econbiz.de/10015213435

Incentives and Payment Mechanisms in Preference Elicitation

Drichoutis, Andreas C.; Palma, Marco; Feldman, Paul - 2024

participants across three experiments. In Experiment 1, we collected responses for offer prices to sell a card like in Cason and … affected misbidding. In Experiment 2, we replaced the BDM mechanism with a second price auction and found similar results …, albeit less misbidding rates. In Experiment 3, we examine the effect of payment mechanisms on choice under risk and find …

Persistent link: https://www.econbiz.de/10015213444

Auctions with Positive Synergies: Experimental Evidence

Chow, YuenLeng; Yavas, Abdullah - 2008

In a standard auction, bidders bid more aggressively when the number of bidders increases. However, Krishna and Rosenthal (1996, Games and Economic Behavior) show that when bidders have multiple-unit demand that generates positive synergies, bidders bid less aggressively as the number of bidders...

Persistent link: https://www.econbiz.de/10015215216

Menstrual cycle and competitive bidding

Pearson, Matthew; Schipper, Burkhard C - 2009

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …

Persistent link: https://www.econbiz.de/10015217873

The Visible Hand: Finger ratio (2D:4D) and competitive behavior

Pearson, Matthew; Schipper, Burkhard C - 2009

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …

Persistent link: https://www.econbiz.de/10015217874

The Effective Use of Limited Information: Do Bid Maximums Reduce Procurement Cost in Asymmetric Auctions?

Hellerstein, Daniel; Higgins, Nathaniel - 2010

Conservation programs faced with limited budgets often use a competitive enrollment mechanism. Goals of enrollment might include minimizing program expenditures, encouraging broad participation, and inducing adoption of enhanced environmental practices. We use experimental methods to evaluate an...

Persistent link: https://www.econbiz.de/10015223277

Warm glow in charitable auctions: Are the WEIRDos driving the results?

Remoundou, Kyriaki; Drichoutis, Andreas; Koundouri, Phoebe - 2010

warm glow motivations behind giving in charitable auctions in a conventional lab experiment and an artefactual field … experiment (i.e., lab experiment using subjects from the general population). Using a novel experimental design that allows …

Persistent link: https://www.econbiz.de/10015227892

Auctions with Loss Averse Bidders

Eisenhuth, Roland; Ewers, Mara - 2010

We theoretically and experimentally study independent private value auctions in the presence of bidders who are loss averse in the sense of Köszegi and Rabin (2007). In one specification, we consider gains and losses in two dimensions separately, about whether they receive the object or not,...

Persistent link: https://www.econbiz.de/10015229306

Experimental Evidence on Tax Salience and Tax Incidence

Morone, Andrea; Nemore, Francesco; Nuzzo, Simone - 2018

questions through a laboratory experiment in which one unit of a fictitious good is being traded through a double-auction market …

Persistent link: https://www.econbiz.de/10015259539

Auctions with Limited Liability through Default or Resale

Pagnozzi, Marco; Saral, Krista J. - 2009

In auctions where bidders are uncertain of their value and are fully liable for their bids, there exists the potential for losses if bids exceed realized values. Theoretically, bids will be higher if bidders are able to mitigate this downside loss through some form of limited liability. To...

Persistent link: https://www.econbiz.de/10015259606