Mozumder, Pallab; Berrens, Robert P. - In: Applied Economics Letters 14 (2007) 10, pp. 705-709
Following Taylor et al. (2001), we design an induced-value experiment to test for hypothetical bias in a referendum voting mechanism. In our experiment, the level of benefit from the public good increases with the number of Yes votes (conditional on the referendum passing by majority rule). This...