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Bidding to give in the Field: Door-to-Door Fundraisers had it right from the Start

Onderstal, Sander; Schram, Arthur J.C.; Soetevent, … - Tinbergen Instituut - 2011

. We approached about 4500 households, each participating in either an all-pay auction, a lottery, a non …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the … anomaly. First, participation in the all-pay auction is substantially lower than in the other mechanisms while the average …

Persistent link: https://www.econbiz.de/10011255620

Emotions and Economic Shocks in a First-Price Auction

Bosman, Ronald; Riedl, Arno - Tinbergen Instituut - 2003

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we … confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation … between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial …

Persistent link: https://www.econbiz.de/10011255774

Inverse Adverse Selection: The Market for Gems

Dari-Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - Tinbergen Instituut - 2011

This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...

Persistent link: https://www.econbiz.de/10011256127

Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk

Hu, Audrey; Zou, Liang - Tinbergen Instituut - 2008

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …

Persistent link: https://www.econbiz.de/10011256873

Taking Punishment into Your Own Hands: An Experiment

Duersch, Peter; Müller, Julia - Tinbergen Instituut - 2013

, afterwards, subjects take part in a second price auction for the right to (physically) carry out the act of payoff reduction …

Persistent link: https://www.econbiz.de/10011257296

The WTP for Facilities at the Amsterdam Zuidas

Graaff, Thomas de; Groot, Henri L.F. de; Rodenburg, … - Tinbergen Instituut - 2005

This paper reports the results of a stated preference study investigating the Willingness-to-pay (WTP) of employees at the Amsterdam Zuidas for the presence of non-shopping and shopping facilities. The Amsterdam Zuidas area, surrounding the current train-metro-tram station Amsterdam Zuid...

Persistent link: https://www.econbiz.de/10011256181

Crowding Externalities from Tourist Use of Urban Space

Neuts, Bart; Nijkamp, Peter; Leeuwen, Eveline van - Tinbergen Instituut - 2013

Popular urban tourist destinations are attracting large numbers of both overnight visitors and excursionists. Since urban cities perform a multitude of functions, the space requirements of tourists can, at times, interfere with those of local users. This paper addresses the issue of disutilities...

Persistent link: https://www.econbiz.de/10011256329

The Willingness to pay for Quality Aspects of Durables: Theory and Application to the Car Market

Mulalic, Ismir; Rouwendal, Jan - Tinbergen Instituut - 2011

Conventional hedonic analysis measures willingness to pay for attributes on the basis of marginal fixed costs. We argue that in many cases variable costs are also affected by these attributes and that this should be taken into account. We develop a simple model to show that the marginal...

Persistent link: https://www.econbiz.de/10011256475

Consumer Valuation of Driving Range: A Meta-Analysis

Dimitropoulos, Alexandros; Rietveld, Piet; Ommeren, Jos … - Tinbergen Instituut - 2011

We perform a meta-analysis of studies investigating consumers' preferences for electric and other alternative fuel vehicles to provide insights into the way consumers trade off driving range for capital costs. We find that consumers are willing to pay, on average, between 47 and 64 USD for a...

Persistent link: https://www.econbiz.de/10011257527