Value elicitation in laboratory and retail environments

John Fox and Jayson Lusk

Framed Field Experiments from The Field Experiments Website

Abstract: An increasing number of studies have begun conducting economic experiments in field, rather than laboratory settings. We directly compare results from laboratory and field valuation experiments. After controlling for unengaged bidders, results indicate field valuations were greater than laboratory valuations. Results are discussed in the context of recent literature on commitment costs.

Date: 2003
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Citations: View citations in EconPapers (34)

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Persistent link: https://EconPapers.repec.org/RePEc:feb:framed:00185

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