Should students be used as subjects in experimental auctions?

D. P T Depositario, Rodolfo M. Nayga, Jr, Ximing Wu, Tiffany P. Laude

Research output: Contribution to journalArticle

55 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 1
Externally publishedYes

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Keywords

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

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

Cite this

Depositario, D. P. T., Nayga, Jr, R. M., Wu, X., & Laude, T. P. (2009). Should students be used as subjects in experimental auctions? Economics Letters, 102(2), 122-124. https://doi.org/10.1016/j.econlet.2008.11.018