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Empirical Tests Of Hypothetical Bias In Consumers' Surplus Surveys

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Author Info
Sinden, J.A.
Abstract

Questionnaire surveys are an established economic research method for eliciting consumers' surplus values. However, the necessarily hypothetical nature of surveys may not promote truthful responses. In 17 empirical tests, actual money donations were elicited and compared to hypothetical donations elicited previously. In all 17, there was no statistical difference between the actual and hypothetical willingness to pay. Hypothetical bias was therefore absent in all these tests.

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Publisher Info
Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

Volume (Year): 32 (1988)
Issue (Month): 02-03 ()
Pages:
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Handle: RePEc:ags:ajaeau:22956

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Related research
Keywords: Consumer/Household Economics; Research Methods/ Statistical Methods;

References listed on IDEAS
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  1. Knetsch, Jack L & Sinden, J A, 1984. "Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value," The Quarterly Journal of Economics, MIT Press, vol. 99(3), pages 507-21, August. [Downloadable!] (restricted)
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  1. John List & Craig Gallet, 2001. "What Experimental Protocol Influence Disparities Between Actual and Hypothetical Stated Values?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 20(3), pages 241-254, November. [Downloadable!] (restricted)
  2. Douglas Macmillan & Trevor Smart & Andrew Thorburn, 1999. "A Field Experiment Involving Cash and Hypothetical Charitable Donations," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 14(3), pages 399-412, October. [Downloadable!] (restricted)
  3. Murphy, James J. & Stevens, Thomas H., 2004. "Contingent Valuation, Hypothetical Bias, and Experimental Economics," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 33(2), October. [Downloadable!]
  4. John A. List & Jay Shogren, 2002. "Calibration of Willingness-to-Accept," Framed Field Experiments 0054, The Field Experiments Website. [Downloadable!]
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