The role of reference prices in experimental auctions

DOI10.1016/J.ECONLET.2007.09.010MaRDI QIDQ1934792zbMATH OpenOpenAlexFDO

Authors Andreas C. Drichoutis, Panagiotis Lazaridis, Rodolfo M. Nayga jun. Nayga

Publication date 29 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2007.09.010

zbMATH Keywords

experimental auctionsreference priceVickrey auctionwillingness to pay

Mathematics Subject Classification ID

Experimental studies (91A90) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Auctions with a buy price: the case of reference-dependent preferences
• Experimental auctions. Methods and applications in economic and marketing research.
• Multi-dimensional reference-dependent preferences in sealed-bid auctions -- how (most) laboratory experiments differ from the field
• Bidding behavior in experimental auctions with positive and negative values
• Hypothetical versus real payments in Vickrey auctions

Cites work

• Experimental methods and elicitation of values

Cited in

(5)

• Auctions with a buy price: the case of reference-dependent preferences
• From lab experiments to the field: the case of a price formation model based on laboratory findings
• Ascending prices and package bidding: further experimental analysis
• Experimental auctions. Methods and applications in economic and marketing research.
• Comment on: ``Auctions with a buy price: the case of reference-dependent preferences

Describes a project that uses

Uses Software

• Z-Tree

This page was built for publication: The role of reference prices in experimental auctions

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1934792)