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

Abstract : 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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https://halshs.archives-ouvertes.fr/halshs-00277283
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Submitted on : Tuesday, May 6, 2008 - 6:11:02 AM
Last modification on : Friday, April 29, 2022 - 10:12:58 AM
Long-term archiving on: : Friday, May 28, 2010 - 6:27:52 PM

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  • HAL Id : halshs-00277283, version 1

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Nicolas Jacquemet, Stephane Luchini, Robert-Vincent Joule, Jason Shogren. Earned Wealth, Engaged Bidders? Evidence from a second price auction. 2008. ⟨halshs-00277283⟩

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