Testing Whether Field Auction Experiments Are Demand Revealing in Practice

Jay Corrigan () and Matthew Rousu

Journal of Agricultural and Resource Economics, 2008, vol. 33, issue 2

Abstract: Recent evidence suggests that participants' misunderstanding of experimental auction mechanism can systematically bias auction results. We present a simple technique for testing whether field auction mechanism and, by extension, whether auction bids provide an unbiased estimate of participants' willingness to pay.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (31)

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Working Paper: Testing whether field auction experiments are demand revealing in practice (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:42464

DOI: 10.22004/ag.econ.42464

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