Hypothetical-actual bid calibration of a multigood auction

    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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