Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of the Winner's Curse
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Department of Economics, College of Business Administration, University of Central Florida (Harrison), and National Bureau of Economic Research and Department of Economics, University of Chicago (List). E-mail contacts: GHARRISON@RESEARCH.BUS.UCF.EDU and JLIST@UCHICAGO.EDU. We are grateful to John Kagel, Dan Levin, Lisa Rutström, the Editor, and two referees for helpful comments. Harrison thanks the U.S. National Science Foundation for support under grants NSF/HSD 0527675 and NSF/SES 0616746. All data and statistical software are available from the ExLab Digital Archive at http://exlab.bus.ucf.edu. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.