The External Validity of Experimental Economics Techniques: Analysis of Demand Behavior

David Brookshire, Don L Coursey and William D Schulze

Economic Inquiry, 1987, vol. 25, issue 2, 239-50

Abstract: This paper examines the parallelism which exists between demand behavior determined from the sale of a private good in an actu al "real world" field setting and in a laboratory auction setting. The demand behavior observed in the two settings is significantly the same leading to the corroboration of the thesis that there is often correspondence between laboratory and real world behavior. Copyright 1987 by Oxford University Press.

Date: 1987
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