The role of reference prices in experimental auctions

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 3
Pages: 446-448

Authors (3)

Drichoutis, Andreas C. (not in RePEc) Lazaridis, Panagiotis (Agricultural University of Ath...) Nayga Jr., Rodolfo M. (Texas A&M University)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:3:p:446-448
Journal Field
General
Author Count
3
Added to Database
2026-01-25