Using Cheap-Talk as a Test of Validity in Choice Experiments

In two experiments on the choice of consumer goods, the estimated marginal willingness to pay for food are found to be lower in the survey version with cheap talk. Our test can be seen as a test of hypothetical bias. This implies we cannot reject the hypothesis of a hypothetical bias for marginal WTP in choice experiments. <p>

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Year of publication:	2004-03-12
Authors:	Carlsson, Fredrik ; Frykblom, Peter ; Lagerkvist, Carl-Johan
Institutions:	Nationalekonomiska institutionen, Handelshögskolan
Subject:	hypothetical WTP \| cheap talk \| incentive compatibility

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Extent:	text/html
Series:	Working Papers in Economics.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Papers in Economics Number 128 11 pages
Classification:	C91 - Laboratory, Individual Behavior ; Q13 - Agricultural Markets and Marketing; Cooperatives; Agribusiness
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005651728