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How to run an experimental auction: A review of recent advances

Maurizio Canavari, Andreas Drichoutis (), Jayson Lusk () and Rodolfo Nayga

No 2018-5, Working Papers from Agricultural University of Athens, Department Of Agricultural Economics

Abstract: In this paper, we review the recent advances in the literature of experimental auctions and provide practical advice and guidelines for researchers. We focus on issues related to randomization to treatment and causal identiffιcation of treatment effects, on design issues such as selection between different elicitation formats, multiple auction groups in a single session, and house money effects. We also discuss sample size issues related to recent trends about preregistration and pre-analysis plans. We then present the pros and cons of moving auction studies from the lab to the field and review the recent literature on behavioral factors that have been identified as important for auction outcomes.

Keywords: auctions; randomization; sample size; pre-registration; field experiments; behavioral factors (search for similar items in EconPapers)
JEL-codes: C57 C90 D44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp
Date: 2018
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