RT Journal Article
T1 Do experimental auction estimates pass the scope test?
A1 Loureiro García, María Luz
A1 Gracia, Azucena
A1 Nayga Jr., Rodolfo M.
K1 Multi-product auctions
K1 Preferences
K1 Sequential
K1 Simultaneous
K1 Valuation
AB Scope insensitivity is a popular anomaly in many valuation studies. Although scope insensitivity is a problem that may be present in any valuation method, most previous literature has focused on evaluating scope sensitivity within the context of contingent valuation applications. Nevertheless, it is necessary to understand the demand-revealing properties of experimental auctions since they are increasingly used to value products, such as quasi-public goods. In this paper, we test explicitly whether estimates coming from experimental auctions may pass a scope test. We conduct experimental auctions on products with a subset of attributes (part) and a comprehensive set of attributes (whole) related to animal welfare using two multi-product auction approaches: sequential and simultaneous. Results show that estimates pass the scope test when multi-product auctions are conducted simultaneously but not when they are conducted sequentially for all valued products. Implications of these findings are discussed.
PB Elsevier
SN 0167-4870
YR 2013
FD 2013-08
LK https://hdl.handle.net/10347/45986
UL https://hdl.handle.net/10347/45986
LA eng
NO Loureiro, M. L., Gracia, A., & Nayga, R. M. (2013). Do experimental auction estimates pass the scope test? Journal of Economic Psychology, 37, 7–17. 10.1016/j.joep.2013.04.005
DS Minerva
RD 24 abr 2026