000204984 001__ 204984
000204984 005__ 20180123000833.0
000204984 037__ $$a330-2016-13857
000204984 041__ $$aen_US
000204984 245__ $$aStrategic bidding in a private value experimental auction with positive and negative bids
000204984 260__ $$c2015
000204984 269__ $$a2015
000204984 270__ $$mjylee@ksu.edu$$pLee,   Ji Yong
000204984 270__ $$mseanfox@ksu.edu$$pFox,   John A. (Sean)
000204984 300__ $$a13
000204984 336__ $$aConference Paper/ Presentation
000204984 520__ $$aWe treat a difference in initial bids for two private goods as an endogenous “induced” value. Results from follow up auctions eliciting positive or negative bids to exchange one good for the other suggest that positive WTP bids are demand revealing while subjects tended to overbid (in absolute value) negative WTA values. Controlling for risk attitude in WTA bids is shown to partially explain the WTA overbidding. WTA bids tended to be lower in a random nth price auction compared to those elicited in a 5th price auction.
000204984 542__ $$fLicense granted by Ji Yong Lee (jylee@ksu.edu) on 2015-05-21T15:10:00Z (GMT):

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000204984 650__ $$aInstitutional and Behavioral Economics
000204984 6531_ $$aExperimental Auction
000204984 6531_ $$aNegative Bids
000204984 6531_ $$aStrategic Bidding
000204984 700__ $$aLee, Ji Yong
000204984 700__ $$aFox, John A. (Sean)
000204984 773__ $$d2015
000204984 8564_ $$s202063$$uhttp://ageconsearch.umn.edu/record/204984/files/AAEA_%20Negative%20bidding%20_Ji%20Yong%20Lee_.pdf
000204984 887__ $$ahttp://purl.umn.edu/204984
000204984 909CO $$ooai:ageconsearch.umn.edu:204984$$pGLOBAL_SET
000204984 912__ $$nSubmitted by Ji Yong Lee (jylee@ksu.edu) on 2015-05-21T15:19:57Z
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000204984 912__ $$nMade available in DSpace on 2015-05-21T15:19:58Z (GMT). No. of bitstreams: 1
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  Previous issue date: 2015
000204984 982__ $$gAgricultural and Applied Economics Association>2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California
000204984 980__ $$a330