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Should students be used as subjects in experimental auctions?

  • Depositario, Dinah Pura T.
  • Nayga Jr., Rodolfo M.
  • Wu, Ximing
  • Laude, Tiffany P.

We 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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File URL: http://www.sciencedirect.com/science/article/B6V84-4V2HJKG-1/2/9eac2a4d11cd8015b3fbd3d72cba2b58
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 102 (2009)
Issue (Month): 2 (February)
Pages: 122-124

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Handle: RePEc:eee:ecolet:v:102:y:2009:i:2:p:122-124
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Ernst Fehr & John A. List, 2004. "THE HIDDEN COSTS AND RETURNS OF INCENTIVES — TRUST AND TRUSTWORTHINESS AMONG CEOs," Labor and Demography 0409012, EconWPA.
  2. Frans van Winden & Jan Potters, 2000. "The performance of professionals and students in an experimental study of lobbying," Artefactual Field Experiments 00101, The Field Experiments Website.
  3. Cooper David J, 2006. "Are Experienced Managers Experts at Overcoming Coordination Failure?," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(2), pages 1-52, May.
  4. Lusk, Jayson L. & Jamal, Mustafa & Kurlander, Lauren & Roucan, Maud & Taulman, Lesley, 2005. "A Meta-Analysis of Genetically Modified Food Valuation Studies," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 30(01), April.
  5. Garratt, Rod & Walker, Mark & Wooders, John, 2004. "Behavior in Second-Price Auctions by Highly Experienced eBay Buyers and Sellers," University of California at Santa Barbara, Economics Working Paper Series qt7s72r56p, Department of Economics, UC Santa Barbara.
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