Value elicitation in retail and laboratory environments

Jayson L. Lusk, John A. Fox

Research output: Contribution to journalArticlepeer-review


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.

Original languageEnglish (US)
Pages (from-to)27-34
Number of pages8
JournalEconomics Letters
Issue number1
StatePublished - Apr 1 2003
Externally publishedYes


  • Experimental economics
  • Field experiment
  • Lab experiment
  • Valuation
  • Willingness-to-pay

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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