Calibration of willingness-to-accept

被引:44
|
作者
List, JA
Shogren, JF
机构
[1] Univ Wyoming, Dept Econ & Finance, Laramie, WY 82071 USA
[2] Univ Maryland, Dept Agr & Resource Econ, College Pk, MD 20742 USA
基金
美国国家科学基金会;
关键词
D O I
10.1006/jeem.2000.1182
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper calibrates real and hypothetical willingness-to-accept estimates elicited for consumer goods in a multi-unit, random nth-price auction. Using a within-subject experimental design, we find that people understated their real willingness to accept in the hypothetical regimes, framed both as demand and non-demand revealing. After controlling for person-specific effects, however, hypothetical and real statements are equivalent on the margin. (C) 2001 Elsevier Science (USA).
引用
收藏
页码:219 / 233
页数:15
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