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Eliciting willingness-to-pay for multiple units: Method and Field Application

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Listed:
  • Diekert, Florian
  • Eymess, Tillmann
  • Goeschl, Timo
  • Gomez-Cardona, Santiago
  • Luomba, Joseph

Abstract

We present a novel mechanism to elicit the willingness to pay (WTP) for multiple rather than for single units of a good. At each price of the canonical multiple price list (MPL) approach, we elicit varying multi-unit demand instead of the options whether to buy one unit or not. The multi-unit MPL (muMPL) retains the simplicity of the MPL without adding much complexity, is field-ready, and generates rich, truthful, and reasonably precise WTP data to estimate a demand curve. Finally, we showcase our mechanism in a challenging field environment.

Suggested Citation

  • Diekert, Florian & Eymess, Tillmann & Goeschl, Timo & Gomez-Cardona, Santiago & Luomba, Joseph, 2026. "Eliciting willingness-to-pay for multiple units: Method and Field Application," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri 404725, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea26:404725
    DOI: 10.22004/ag.econ.404725
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    References listed on IDEAS

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