Should students be used as subjects in experimental auctions?
AbstractWe examine the bidding behavior of students and non-students in experimental auctions by comparing their willingness to pay (WTP) values for a good. Our results suggest that there is no significant difference between the WTP bids of the two groups.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 102 (2009)
Issue (Month): 2 (February)
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Web page: http://www.elsevier.com/locate/ecolet
Lab experiment Experimental auction Student subjects Non-student subjects Willingness to pay;
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