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THE EXTERNAL VALIDITY OF EXPERIMENTAL ECONOMICS TECHNIQUES: ANALYSIS OF DEMAND BEHAVIOR
Author(s) -
BROOKSHIRE DAVID S.,
COURSEY DON L.,
SCHULZE WILLIAM D.
Publication year - 1987
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.1987.tb00737.x
Subject(s) - economics , microeconomics , on demand , parallelism (grammar) , field (mathematics) , mathematical economics , econometrics , computer science , mathematics , commerce , parallel computing , pure mathematics
This paper examines the parallelism which exists between demand behavior determined from the sale of a private good in an actual “real world” field setting and in a laboratory auction setting. The demand behavior observed in the two settings is significantly the same leading to the corroboration of the thesis that there is often correspondence between laboratory and real world behavior.