We evaluate the effects of monetary and nonmonetary endowments on willingness to pay (WTP) bids in Becker–DeGroot–Marschak (BDM) experimental auctions. Results indicate that subjects provided with a monetary endowment bid more than those that received a nonmonetary endowment.
The effect of monetary versus nonmonetary endowment on WTP in BDM auctions / Vecchio, Riccardo; Annunziata, Azzurra. - In: APPLIED ECONOMICS LETTERS. - ISSN 1350-4851. - 22:2(2014), pp. 137-140. [10.1080/13504851.2014.929621]
The effect of monetary versus nonmonetary endowment on WTP in BDM auctions
VECCHIO, RICCARDO;
2014
Abstract
We evaluate the effects of monetary and nonmonetary endowments on willingness to pay (WTP) bids in Becker–DeGroot–Marschak (BDM) experimental auctions. Results indicate that subjects provided with a monetary endowment bid more than those that received a nonmonetary endowment.File in questo prodotto:
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