Testing Whether Field Auction Experiments Are Demand Revealing in Practice

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.


Issue Date:
2008
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/42464
Published in:
Journal of Agricultural and Resource Economics, Volume 33, Number 2
Page range:
290-301




 Record created 2017-04-01, last modified 2017-08-25

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