scholarly journals Repeated Rounds with Price Feedback in Experimental Auction Valuation: An Adversarial Collaboration

2011 ◽  
Vol 94 (1) ◽  
pp. 97-115 ◽  
Author(s):  
Jay R. Corrigan ◽  
Andreas C. Drichoutis ◽  
Jayson L. Lusk ◽  
Rodolfo M. Nayga ◽  
Matthew C. Rousu
Keyword(s):  
Experimental Auction ◽  
Price Feedback

scholarly journals Experimental Markets and Environmental Policy

1993 ◽  
Vol 22 (2) ◽  
pp. 117-129 ◽  
Author(s):  
Jason F. Shogren
Keyword(s):  
Environmental Policy ◽  
Transaction Costs ◽  
Experimental Auction ◽  
Dynamic Choice ◽  
Auction Markets ◽  
Experimental Markets ◽  
Reduction Mechanisms ◽  
Sequential Reduction ◽  
The Impact ◽  
Coasian Bargaining

Experimental markets can be a useful tool to guide and evaluate environmental policy. This paper reviews four experiments to illustrate. Two institutional experiments are considered—Coasian bargaining with positive transaction costs, and a gaming experiment of dynamic choice in a conflict. Two valuation experiments are also discussed—the impact of sequential reduction mechanisms on the value of risk, and experimental auction markets to elicit the value of safer food.

U.S. consumer preference and willingness-to-pay for domestic corn-fed beef versus international grass-fed beef measured through an experimental auction

Agribusiness ◽  
2002 ◽  
Vol 18 (4) ◽  
pp. 491-504 ◽  
Author(s):  
Wendy J. Umberger ◽  
Dillon M. Feuz ◽  
Chris R. Calkins ◽  
Karen Killinger-Mann
Keyword(s):  
Willingness To Pay ◽  
Consumer Preference ◽  
Experimental Auction

scholarly journals How to run an experimental auction: a review of recent advances

2019 ◽  
Vol 46 (5) ◽  
pp. 862-922 ◽  
Author(s):  
Maurizio Canavari ◽  
Andreas C Drichoutis ◽  
Jayson L Lusk ◽  
Rodolfo M Nayga
Keyword(s):  
Recent Literature ◽  
Agricultural Economics ◽  
Single Session ◽  
Experimental Auction ◽  
Experimental Auctions ◽  
Recent Advances ◽  
Economics Profession ◽  
Pros And Cons ◽  
Recent Trends ◽  
Behavioural Factors

Abstract In this paper, we review recent advances in experimental auctions and provide practical advice and guidelines for researchers. We focus on issues related to randomisation to treatment and causal identification of treatment effects, design issues such as selection between different elicitation formats, multiple auction groups in a single session and house money effects. We also discuss sample size and power analysis issues in relation to recent trends in experimental research about pre-registration and pre-analysis plans. We position our discussion with respect to how the agricultural economics profession could benefit from practices adapted in the experimental economics community. We then present the pros and cons of moving auction studies from the laboratory to the field and review the recent literature on behavioural factors that have been identified as important for auction outcomes.

Food choice, health information and functional ingredients: An experimental auction employing bread

Food Policy ◽  
2012 ◽  
Vol 37 (3) ◽  
pp. 232-245 ◽  
Author(s):  
Nicole Elizabeth Hellyer ◽  
Iain Fraser ◽  
Janet Haddock-Fraser
Keyword(s):  
Health Information ◽  
Food Choice ◽  
Experimental Auction ◽  
Functional Ingredients
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