We examine the effect of earned participation rewards on willingness to pay (WTP) bids in experimental auctions. Our results show that when subjects are provided with a fixed reward, they bid more than those who had to earn their reward.
An empirical investigation of rewards’ effect on experimental auctions outcomes / Vecchio, Riccardo; Pomarici, Eugenio. - In: APPLIED ECONOMICS LETTERS. - ISSN 1466-4291. - 20:14(2013), pp. 1298-1300. [10.1080/13504851.2013.799751]
An empirical investigation of rewards’ effect on experimental auctions outcomes
VECCHIO, RICCARDO;POMARICI, EUGENIO
2013
Abstract
We examine the effect of earned participation rewards on willingness to pay (WTP) bids in experimental auctions. Our results show that when subjects are provided with a fixed reward, they bid more than those who had to earn their reward.File in questo prodotto:
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