Necessary conditions for demand revelation in double referenda
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 cont...
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| Veröffentlicht in: | Journal of environmental economics and management 2009-03, Vol.57 (2), p.219-225 |
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| container_end_page | 225 |
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| container_issue | 2 |
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| container_title | Journal of environmental economics and management |
| container_volume | 57 |
| creator | Carson, Katherine Silz Chilton, Susan M. Hutchinson, W. George |
| description | 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. |
| doi_str_mv | 10.1016/j.jeem.2008.07.005 |
| format | Article |
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| ispartof | Journal of environmental economics and management, 2009-03, Vol.57 (2), p.219-225 |
| issn | 0095-0696 1096-0449 |
| language | eng |
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| source | RePEc; Access via ScienceDirect (Elsevier) |
| subjects | Bias Consequential double referendum Contingent valuation Contingent valuation Demand revelation Consequential double referendum Demand Demand analysis Demand revelation Estimating techniques Estimation Estimation bias Experiments Referendums Studies Surveys Willingness to pay |
| title | Necessary conditions for demand revelation in double referenda |
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