A Method to Estimate the Magnitude of "Hypothetical Bias" in Stated Preference Surveys of Passive-use Value
This paper proposes a method by which estimates of hypothetical willingness to pay for public goods with passive-use value can be compared with actual willingness to pay inferred from aggregate voting and tax liability data.
Authors: | Hanley, Nick ; Schlapfer, Felix |
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Institutions: | Department of Economics, Adam Smith Business School |
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