Some people assign negative values for new products sold on laboratory auction blocks (i.e., irradiated meat). We explore bidding behavior in two Vickrey auctions when people have positive- and negative-induced values for the good. Aggregate bidding in the second-price auction is precise but...

Potential economic impacts of hunting activities suggested opportunities for non-industrial private landowners in Mississippi to capitalize on apparent market demand for fee-access hunting. Data were collected from outfitting individuals/firms operating within Mississippi to analyze the impact...

We illustrate the experimental method by examining bidding behavior for controversial goods, i.e., goods in which bidders have positive and negative values. Our results suggest that bidding behavior differs across auction type. Bidders with positive induced values bid sincerely in a WTP auction....