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Pure Altruism And The Valuation Of Risk: An Experimental Test Of The Johannesson Et Al. Conjecture

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  • Schulze, William D.
  • Poe, Gregory L.
  • Messer, Kent D.

Abstract

Johannesson et al.(1996) conjecture that in a coercive, uniform tax setting like dichotomous choice contingent valuation, willingness to pay for public programs would be affected by altruistic consideration of the costs imposed on others. Using a voting-BDM elicitation mechanism, we demonstrate such valuation petterns in an experimental economics setting.

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  • Schulze, William D. & Poe, Gregory L. & Messer, Kent D., 2004. "Pure Altruism And The Valuation Of Risk: An Experimental Test Of The Johannesson Et Al. Conjecture," 2004 Annual meeting, August 1-4, Denver, CO 20294, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20294
    DOI: 10.22004/ag.econ.20294
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    References listed on IDEAS

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    1. Gary Charness & Matthew Rabin, 2002. "Understanding Social Preferences with Simple Tests," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(3), pages 817-869.
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