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Valuation in the Lab

  • Jason Shogren

    ()

Experimental methods have proven useful to explore the power and limits to nonmarket valuation through stated preference methods. We now understand better how people learn about and react to the incentives, institutions, and information created by surveys. This paper briefly reviews topics in experimental valuation, including ex ante bias corrections, ex post bias calibration, and examining the circumstances that strengthen or weaken the economist’s presumption of rational valuation. Copyright Springer 2006

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File URL: http://hdl.handle.net/10.1007/s10640-005-3785-8
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Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 34 (2006)
Issue (Month): 1 (05)
Pages: 163-172

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Handle: RePEc:kap:enreec:v:34:y:2006:i:1:p:163-172
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100263

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  1. Daniel McFadden, 1998. "Rationality for Economists?," Working Papers 98-09-086, Santa Fe Institute.
  2. Atsushi Kajii & Stephen Morris, . ""The Robustness of Equilibria to Incomplete Information*''," CARESS Working Papres 95-18, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
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  13. Don Coursey & William Schulze, 1986. "The application of laboratory experimental economics to the contingent valuation of public goods," Public Choice, Springer, vol. 49(1), pages 47-68, January.
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  16. Glenn W. Harrison & Morten I. Lau & E. Elisabet Rutström, 2007. "Estimating Risk Attitudes in Denmark: A Field Experiment," Scandinavian Journal of Economics, Wiley Blackwell, vol. 109(2), pages 341-368, 06.
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