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Market Price Endogeneity and Accuracy of Value Elicitation Mechanisms

In: Using Experimental Methods in Environmental and Resource Economics

Author

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  • Jayson L. Lusk
  • Matthew Rousu

Abstract

This book explores frontier work at the intersection of experimental and environmental economics, with cutting edge research provided by premier scholars in the field. The book begins by focusing on improving benefit–cost analysis, which remains the hallmark of public policy decision-making around the globe. The contributors provide innovative avenues to credibly lead to more efficient policies. T

Suggested Citation

  • Jayson L. Lusk & Matthew Rousu, 2006. "Market Price Endogeneity and Accuracy of Value Elicitation Mechanisms," Chapters, in: John A. List (ed.), Using Experimental Methods in Environmental and Resource Economics, chapter 2, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:4180_2
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    Cited by:

    1. Matthew Rousu & Wallace E. Huffman & Jason F. Shogren & Abebayehu Tegene, 2007. "Effects And Value Of Verifiable Information In A Controversial Market: Evidence From Lab Auctions Of Genetically Modified Food," Economic Inquiry, Western Economic Association International, vol. 45(3), pages 409-432, July.
    2. Colson, Gregory & Huffman, Wallace E. & Rousu, Matthew C., 2011. "Improving the Nutrient Content of Food through Genetic Modification: Evidence from Experimental Auctions on Consumer Acceptance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(2), pages 1-22, August.
    3. Banerji, A. & Chowdhury, Shyamal K. & de Groote, Hugo & Meenakshi, Jonnalagadda V. & Haleegoah, Joyce & Ewoo, Manfred, 2013. "Using elicitation mechanisms to estimate the demand for nutritious maize: Evidence from experiments in rural Ghana," HarvestPlus Working Papers 10, International Food Policy Research Institute (IFPRI).

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    Keywords

    Economics and Finance; Environment;

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