Using cheap talk as a test of validity in choice experiments

Autor:	Fredrik Carlsson, Carl Johan Lagerkvist, Peter Frykblom
Rok vydání:	2005
Předmět:	Microeconomics Economics and Econometrics Cheap talk Willingness to pay Incentive compatibility Econometrics Economics Finance Test (assessment)
Zdroj:	Economics Letters. 89:147-152
ISSN:	0165-1765
DOI:	10.1016/j.econlet.2005.03.010
Popis:	In two experiments on the choice of consumer goods, the estimated marginal willingness to pay for food is found to be lower in the survey version with cheap talk. Our test can be seen as a test of hypothetical bias. This implies that we cannot reject the hypothesis of a hypothetical bias for marginal WTP in choice experiments.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::31e72aafc6f3514a8e4424d7a4857f15 https://doi.org/10.1016/j.econlet.2005.03.010 Zobrazit plný text záznamu Full Text from ScienceDirect