Earned wealth, engaged bidders? Evidence from a second-price auction.

• This paper considers whether earned wealth affects 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.

Subject headings

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business (hsv//eng)

Keyword

Auctions

Demand revelation

Experimental valuation

Hypothetical bias

Earned money

Publication and Content Type

ref (subject category)

art (subject category)