Do experimental auction estimates pass the scope test?

Do Experimental Auction Estimates for Quasi - Public Goods Pass the Scope Test ?

Do geochemical estimates of sediment focusing pass the sediment test in the equatorial Pacific?

[1] The paleoceanographic recording fidelity of pelagic sediments is limited by chemical diagenesis and physical mixing (bioturbation and horizontal sediment transport). Diagenesis and bioturbation are relatively well-studied, but the effects of physical sedimentation have been largely ignored. Modeling U series isotopes (e.g., Th) can potentially quantify horizontal sediment movement, but mode...

Do Auction Bids Betray Expectations- Based Reference Dependent Preferences? a Test, Experimental Evidence, and Estimates of Loss Aversion

In this paper, we provide a novel experimental auction design that exploits an exogenous variation in the probability of winning to test for the presence of expectations-based reference dependent preferences. We prove that (i) in this design, (which is a one parameter modification of a Becker-de GrooteMarschak (BDM) auction), a lower probability of winning will cause a loss averse agent to bid ...

An Experimental Test of Flexible Combinatorial Spectrum Auction Formats

This paper reports laboratory experiments that evaluate the performance of a flexible packagebidding format developed by the FCC, in comparison with other combinatorial formats. In general, the interest of policy makers in combinatorial auctions is justified by the laboratory data; when value complementarities are present, package bidding yields improved performance. We find clear differences a...

How Well Do Selection Models Perform? Assessing the Acuracy of Art Auction Pre-sale Estimates.

Art auction catalogs provide a pre-sale prediction interval for the price each item is expected to fetch. When the owner consigns art work to the auction house, a reserve price is agreed upon, which is not announced to the bidders. If the highest bid does not reach it, the item is brought in. Since only the prices of the sold items are published, analysts only have a biased sample to examine du...