This study explores two important issues in experimental economics: calibration and auction institution. Consumer willingness-to-pay bids for corn chips made with non-genetically modified ingredients are elicited in first- and second-price auctions. Results suggest that responses to...

For companies, it is essential to obtain information about customers' preferences to successfully market their products and services. Experimental auctions are a promising method for acquiring such information considering that they are incentive compatible and non-hypothetical. Their...

Economists are challenged to account for the influence of cultural norms and expectations on economic behavior. Recent experimental economic evidence suggests culture significantly affects certain economic behavior. It is not clear, however, how pervasive culture's influence is on multiple...

During recent decades the number of obese adult Americans increased from 15% to 31%. The objective of this dissertation is to investigate the effects of food price and income changes on body weight in an effort to determine how a high-calorie food tax, a low-calorie food subsidy, and/or income...