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Are Hypothetical Referenda Incentive Compatible?*

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Author

Listed:
  • Cummings, Ronald G
  • Elliott, Steven
  • Harrison, Glenn W
  • Murphy, James

Abstract

Hypothetical referenda have been proposed as an incentive-compatible mechanism that can be used to obtain social valuations of environmental resources. The authors employ experimental methods to test the hypothesis that such referenda are indeed incentive compatible. Their results lead them to reject that hypothesis. Coauthors are Steven Elliott, Glenn W. Harrison, and James Murphy. Copyright 1997 by the University of Chicago.

Suggested Citation

  • Cummings, Ronald G & Elliott, Steven & Harrison, Glenn W & Murphy, James, 1997. "Are Hypothetical Referenda Incentive Compatible?," Journal of Political Economy, University of Chicago Press, vol. 105(3), pages 609-621, June.
    • Handle: RePEc:ucp:jpolec:v:105:y:1997:i:3:p:609-21
    DOI: 10.1086/262084
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    References listed on IDEAS

    as
    1. Davis, Douglas D. & Holt, Charles a., 1993. "Experimental economics: Methods, problems and promise," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 8(2), pages 179-212.
    2. Harrison, Glenn W, 1989. "Theory and Misbehavior of First-Price Auctions," American Economic Review, American Economic Association, vol. 79(4), pages 749-762, September.
    3. Bohm, Peter, 1972. "Estimating demand for public goods: An experiment," European Economic Review, Elsevier, vol. 3(2), pages 111-130.
    4. Kurz, Mordecai, 1974. "Experimental approach to the determination of the demand for public goods : A reply," Journal of Public Economics, Elsevier, vol. 3(4), pages 431-432, November.
    5. Kurz, Mordecai, 1974. "Experimental approach to the determination of the demand for public goods," Journal of Public Economics, Elsevier, vol. 3(4), pages 329-348, November.
    6. Satterthwaite, Mark Allen, 1975. "Strategy-proofness and Arrow's conditions: Existence and correspondence theorems for voting procedures and social welfare functions," Journal of Economic Theory, Elsevier, vol. 10(2), pages 187-217, April.
    7. McKinley Blackburn & Glenn W. Harrison & E. Elisabet Rutström, 1994. "Statistical Bias Functions and Informative Hypothetical Surveys," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(5), pages 1084-1088.
    8. Peter Bohm, 1972. "Estimating the demand for public goods: An experiment," Framed Field Experiments 00126, The Field Experiments Website.
    9. Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
    Full references (including those not matched with items on IDEAS)

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    Replication

    This item has been replicated by:
  • Carlsson, Fredrik & Johansson-Stenman, Olof, 2010. "Scale factors and hypothetical referenda: A clarifying note," Journal of Environmental Economics and Management, Elsevier, vol. 59(3), pages 286-292, May.

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    1. Are Hypothetical Referenda Incentive Compatible? A Comment (JPE 1999) in ReplicationWiki

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