The purpose of this study was to measure the effect of maximum price information and contextual factors on people's bidding behaviors in a controlled Becker-DeGroot-Marschak (BDM) experimental auctions. 354 respondents from three Asian countries (China, Cambodia and the Philippines) participated in this study. In each country, both households with piped water connection and households without piped water connection were investigated. The sample in each country was then randomly assigned to two groups: one group was provided with a maximum price of a water filter and the other group was not provided with the maximum price information. The results show that the treatment group with maximum price information had a higher actual willingness-to-pay than the control group without maximum price information, but they were not significantly different. Our results also indicate that contextual and socioeconomic factors did play a role in participants' bid results for the water filter.
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Vol. 7 • No. 2