Testing the initial endowment effect in experimental auctions

Applied Economics Letters

Volumn 10, Issue 5, 2003, Pages 271-275

  Loureiro, Maria L ^a,b   Umberger, Wendy J ^a,b   Hine, Susan ^a,b  

^a Department of Environmental and Radiological Health Sciences   (United States)

^b UNIVERSIDAD CARLOS III DE MADRID   (Spain)

Author keywords

[No Author keywords available]

Indexed keywords

WILLINGNESS TO PAY;

EID: 0037729013     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/1350485032000056855     Document Type: Article

References (8)

1. Cox, J., Roberson, B. and Smith, V. (1982) Theory and Behavior of Single Object Auctions, in Research in Experimental Economics (Ed.) V. Smith, JAI Press, Greenwich, CT.
2. Coppinger, V., Smith, V. and Titus, J. (1980) Incentives and behavior in English, Dutch and sealed bid auctions, Economic Inquiry, 43, 1-22.
3. Fox, J. A. (1995) Determinants of consumer acceptability of bovine somatropin, Review of Agricultural Economics, 17, 51-62.
4. Fox, J. A., Shogren, J. F., Hayes, D. J. and Kliebenstein, J. B. (1995) Experimental Auctions to Measure Willingness to Pay for Food Safety, in Valuing Food Safety and Nutrition (Ed.) Julie Caswell, Westview Press, Boulder, Colorado.
5. Harrison, G. (1989) Theory and misbehavior of first price auctions, American Economic Review, 79, 747-62.
6. Shogren, J. F., Fox, J. A., Hayes, D. J. and Kliebenstein, J. B. (1994) Bid sensitivity and the structure of the Vickrey auction, American Journal of Agricultural Economics, 76. 1089-95.
7. Shogren, J. S., List, J. A. and Hayes, D. J. (2000) Preference learning in consecutive experimental auctions, American Journal of Agricultural Economics, 82, 1016-21.
8. Vickrey, W. (1961) Counterspeculation, auctions, and competitive sealed tenders, Journal of Finance, 16, 8-37.