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.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 27-34 |
| Number of pages | 8 |
| Journal | Economics Letters |
| Volume | 79 |
| Issue number | 1 |
| DOIs | |
| State | Published - Apr 1 2003 |
| Externally published | Yes |
Keywords
- Experimental economics
- Field experiment
- Lab experiment
- Valuation
- Willingness-to-pay
ASJC Scopus subject areas
- Finance
- Economics and Econometrics
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