Hypothetical-Actual Bid Calibration of a Multi-Good Auction

Evidence suggests the calibration of hypothetical and actual behavior is good-specific. We examine whether clustering commodities into mutual categories can reduce the burden. While we reject a common calibration across sets of commodities, a sport-specific calibration function cannot be rejected.

MoreLess

Year of publication:	1998
Authors:	List, John A. ; Margolis, M. ; Shogren, J.
Institutions:	The Field Experiments Website
Subject:	Valuation \| Calibration \| Clusters

More details

Extent:	application/pdf
Series:	Framed Field Experiments.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters Volume 60, Number 3, pp. 263-268 Number 39 6 pages
Classification:	C9 - Design of Experiments ; Q0 - Agricultural and Natural Resource Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005785117