The role of reference prices in experimental auctions (Journal article)

Drichoutis, A. C./ Lazaridis, P./ Nayga, R. M.


We examine the role of reference prices (field prices) in willingness to pay studies involving experimental auctions. Using a 2nd price Vickrey auction, we find that provision of reference prices increases bid values. (C) 2007 Elsevier B.V. All rights reserved.
Institution and School/Department of submitter: Πανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημών
Keywords: reference price,experimental auctions,vickrey auction,willingness to pay
URI: http://olympias.lib.uoi.gr/jspui/handle/123456789/11312
ISSN: 0165-1765
Link: <Go to ISI>://000257300300007
Appears in Collections:Άρθρα σε επιστημονικά περιοδικά ( Ανοικτά)

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