Are Valuations from Nonhypothetical Choice Experiments Different from Those of Experimental Auctions

Volume: 93, Issue: 5, Pages: 1358 - 1373
Published: Oct 1, 2011
Abstract
Due to the importance of comparability and external validity of results, nonhypothetical experimental methods are increasingly used to elicit consumers' willingness to pay for various goods. Two of the increasingly popular preference elicitation methods are the nonhypothetical choice experiments and experimental auctions. We conduct experiments to compare willingness to pay estimates elicited from both methods. Our results generally suggest that...
Paper Details
Title
Are Valuations from Nonhypothetical Choice Experiments Different from Those of Experimental Auctions
Published Date
Oct 1, 2011
Volume
93
Issue
5
Pages
1358 - 1373
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