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Should students be used as subjects in experimental auctions?

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

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.

Suggested Citation

  • Depositario, Dinah Pura T. & Nayga Jr., Rodolfo M. & Wu, Ximing & Laude, Tiffany P., 2009. "Should students be used as subjects in experimental auctions?," Economics Letters, Elsevier, vol. 102(2), pages 122-124, February.
    • Handle: RePEc:eee:ecolet:v:102:y:2009:i:2:p:122-124
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    References listed on IDEAS

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