Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
958876 | Journal of Environmental Economics and Management | 2009 | 7 Pages |
Abstract
This paper demonstrates a set of necessary conditions that should generate unbiased, internally consistent estimates of willingness to pay (WTP) from a double referendum mechanism. These conditions are also sufficient for demand revelation in an experimental laboratory environment. However, the control over the mechanism achieved in the lab may not be transferrable to the field and WTP estimates derived from field surveys may remain biased.
Keywords
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Economics and Econometrics
Authors
Katherine Silz Carson, Susan M. Chilton, W. George Hutchinson,