Title

Hypothetical-actual bid calibration of a multigood auction

Authors

Authors

J. A. List; M. Margolis;J. F. Shogren

Comments

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Abbreviated Journal Title

Econ. Lett.

Keywords

valuation; calibration; clusters; Economics

Abstract

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. (C) 1998 Elsevier Science S.A.

Journal Title

Economics Letters

Volume

60

Issue/Number

3

Publication Date

1-1-1998

Document Type

Article

Language

English

First Page

263

Last Page

268

WOS Identifier

WOS:000076715600002

ISSN

0165-1765

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