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....

We used a controlled, uniform 5th-price auction to elicit values for sweet potatoes—both when location is known and unknown, and before and after tasting and providing health information. Significant differences were found between pre- and post-consumption valuations and also found that...

We examine repetition as an institution that affects coordination failure in a game with and without pre-play communication. We use probit regression with random effects to test hypotheses regarding the frequency and form of coordination failure in the presence of repeated play versus one-shot...

Mississippi is largely agricultural with access to many watersheds, the combination of which makes the state attractive to hunters and fishermen. This paper investigates the impact of hunting/fishing on the sales tax revenue in the counties of Mississippi. Our results indicate that a 1% increase...