This book investigates the application and findings of experimental auctions within the field of economics. It details how controlled auction environments are used to elicit economic values for a variety of goods and services, providing insights into consumer behavior and market dynamics.

This work is recognized as a comprehensive overview of experimental auction techniques and their utility in economic research. It is considered a valuable resource for academics and students seeking to understand how controlled experiments can be used to measure economic values. The book is noted for its rigorous approach and its contribution to the methodology of applied economics.