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In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …
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Multiple price lists are a convenient tool to elicit willingness to pay (WTP) in surveys and experiments, but choice … experiment in South Africa shows that significant order effects exist which, if uncorrected, would lead to distorted conclusions …
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This paper develops a partial-identification methodology for analyzing self-selection into alternative compensation schemes in a laboratory environment. We formulate a model of self-selection in which individuals select the compensation scheme with the largest expected valuation, which depends...
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