Carlsson, Fredrik () (Department of Economics, School of Economics and Commercial Law, Göteborg University) Frykblom, Peter (Department of Economics, Appalachian State University) Lagerkvist, Carl-Johan () (Department of Economics, Swedish University of Agricultural Sciences)
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In two experiments on the choice of consumer goods, the estimated marginal willingness to pay for food are found to be lower in the survey version with cheap talk. Our test can be seen as a test of hypothetical bias. This implies we cannot reject the hypothesis of a hypothetical bias for marginal WTP in choice experiments.
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Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number
128.
Length: 11 pages Date of creation: 12 Mar 2004 Date of revision: Handle: RePEc:hhs:gunwpe:0128
Contact details of provider: Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden Phone: 031-773 10 00 Web page: http://www.handels.gu.se/econ/ More information through EDIRC
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