Are Valuations from Nonhypothetical Choice Experiments Different from Those of Experimental Auctions?
Due to the importance of comparability and external validity of results, nonhypothetical experimental methods are increasingly used to elicit consumers' willingness to pay for various goods. Two of the increasingly popular preference elicitation methods are the nonhypothetical choice experiments and experimental auctions. We conduct experiments to compare willingness to pay estimates elicited from both methods. Our results generally suggest that valuations elicited from experimental auctions can differ from those obtained from nonhypothetical choice experiments. Copyright 2011, Oxford University Press.
Volume (Year): 93 (2011)
Issue (Month): 5 ()
|Contact details of provider:|| Postal: |
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org/Email:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:93:y:2011:i:5:p:1358-1373. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.