Should students be used as subjects in experimental auctions?

Dinah Pura T. Depositario, Rodolfo M. Nayga, Ximing Wu, Tiffany P. Laude

    Research output: Contribution to journalArticlepeer-review

    76 Citations (Scopus)

    Abstract

    We examine the bidding behavior of students and non-students in experimental auctions by comparing their willingness to pay (WTP) values for a good. Our results suggest that there is no significant difference between the WTP bids of the two groups.

    Original languageEnglish
    Pages (from-to)122-124
    Number of pages3
    JournalEconomics Letters
    Volume102
    Issue number2
    DOIs
    Publication statusPublished - 2009 Feb

    Bibliographical note

    Copyright:
    Copyright 2009 Elsevier B.V., All rights reserved.

    Keywords

    • Experimental auction
    • Lab experiment
    • Non-student subjects
    • Student subjects
    • Willingness to pay

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

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