Earned Wealth, Engaged Bidders? Evidence from a second price auction

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6 mai 2008

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HAL SHS (Sciences de l’Homme et de la Société)

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Archives ouvertes

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Centre pour la communication scientifique directe

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info:eu-repo/semantics/OpenAccess

Mots-clés En

Auctions Demand revelation Experimental valuation Hypothetical bias Earned Money

Sujets proches En

Fortunes Riches Affluence Distribution of wealth

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Nicolas Jacquemet et al., « Earned Wealth, Engaged Bidders? Evidence from a second price auction », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.96b08a...

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Recent work in experimental economics has explored whether observed behavior depends on whether wealth was windfall or earned. This paper extends this work by considering whether earned wealth ffects 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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