Reserve Price and Competing Bids: Reference Points for Product Evaluations in Online Auctions? [Dataset]

DOI

With an increasing number of products sold in online auctions, the effect of reference points on consumers’ product valuations has received much attention in the literature. Two potentially relevant factors affecting bidders’ preferences are the sellers’ reserve price and the competing bids by other bidders. The current evidence regarding these reference points is mixed. We argue that a focus on studying bids prevents a clear identification of reference point effects. Directly observing product valuations, in two experiments we find that willingness-to-pay in online auctions is affected by both reserve prices and competing bids, supporting the constructed values paradigm.

Identifier
DOI https://doi.org/10.11588/data/10055
Related Identifier https://doi.org/10.1002/cb.1519
Metadata Access https://heidata.uni-heidelberg.de/oai?verb=GetRecord&metadataPrefix=oai_datacite&identifier=doi:10.11588/data/10055
Provenance
Creator Trautmann, Stefan T.; Van de Kuilen, Gijs
Publisher heiDATA
Contributor Stefan Trautmann, Alfred-Weber-Institute for Economics University of Heidelberg, Bergheimer Str. 58, 69115 Heidelberg, Germany, Phone: +49 6221 54 2952, Fax: +49 6221 54 3592; Trautmann, Stefan T.; Van de Kuilen, Gijs; HeiDATA: Heidelberg Research Data Repository
Publication Year 2015
Rights info:eu-repo/semantics/openAccess
OpenAccess true
Contact Stefan Trautmann, Alfred-Weber-Institute for Economics University of Heidelberg, Bergheimer Str. 58, 69115 Heidelberg, Germany, Phone: +49 6221 54 2952, Fax: +49 6221 54 3592 (Alfred-Weber-Institute of Economics)
Representation
Resource Type behavioral experiment; laboratory; Dataset
Format text/x-stata-syntax; charset=US-ASCII; application/x-stata; text/tab-separated-values; application/octet-stream
Size 4612; 19854; 12004; 15269
Version 2.1
Discipline Agriculture, Forestry, Horticulture, Aquaculture; Agriculture, Forestry, Horticulture, Aquaculture and Veterinary Medicine; Life Sciences; Social Sciences; Social and Behavioural Sciences; Soil Sciences
Spatial Coverage Tilburg (Netherlands)