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Do students behave like adults? Evidence from valuation experiments

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  • Kelly Maguire
  • Laura Taylor
  • Shiferaw Gurmu

Abstract

The use of convenience samples in experimental economics has long been the standard practice. However, little evidence exists regarding behavioural differences between students and adults in contingent valuation experiments using a payment mechanism other than a referendum vote. Evidence is provided that students do in fact behave in a manner similar to adults using an open-ended willingness to pay payment question.

Suggested Citation

  • Kelly Maguire & Laura Taylor & Shiferaw Gurmu, 2003. "Do students behave like adults? Evidence from valuation experiments," Applied Economics Letters, Taylor & Francis Journals, vol. 10(12), pages 753-756.
    • Handle: RePEc:taf:apeclt:v:10:y:2003:i:12:p:753-756
    DOI: 10.1080/1350485032000138395
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    References listed on IDEAS

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    8. Laura O. Taylor & Ronald G. Cummings, 1999. "Unbiased Value Estimates for Environmental Goods: A Cheap Talk Design for the Contingent Valuation Method," American Economic Review, American Economic Association, vol. 89(3), pages 649-665, June.
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    Cited by:

    1. Czap, Natalia V. & Czap, Hans J. & Khachaturyan, Marianna & Lynne, Gary D. & Burbach, Mark, 2012. "Walking in the shoes of others: Experimental testing of dual-interest and empathy in environmental choice," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 642-653.
    2. Sebastian J. Goerg & Werner Güth & Gari Walkowitz & Torsten Weiland, 2007. "Interregional diversity of fairness concerns - An online ultimatum experiment," Jena Economics Research Papers 2007-016, Friedrich-Schiller-University Jena.
    3. Czap, Hans J. & Czap, Natalia V., 2011. "Donating-selling tradeoffs and the influence of leaders in the environmental goods game," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(6), pages 743-752.
    4. Czap, Natalia V. & Czap, Hans J. & Lynne, Gary D. & Burbach, Mark E., 2015. "Walk in my shoes: Nudging for empathy conservation," Ecological Economics, Elsevier, vol. 118(C), pages 147-158.
    5. Ovchinnikova, Natalia V. & Czap, Hans J. & Lynne, Gary D. & Larimer, Christopher W., 2009. ""I don't want to be selling my soul": Two experiments in environmental economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(2), pages 221-229, March.
    6. Czap, Natalia V. & Czap, Hans J., 2010. "An experimental investigation of revealed environmental concern," Ecological Economics, Elsevier, vol. 69(10), pages 2033-2041, August.

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