Marette, Stéphan; Lusk, Jayson L.; Roosen, Jutta - In: Economics Bulletin 30 (2010) 2, pp. 1585-1593
absence of information about a characteristic. Second, our estimates indicate that consumer demand from a laboratory auction …This paper focuses on the welfare effects of information computed from experimental methods eliciting willingness …-to-pay. First, a theoretical model shows that the size of the welfare variation is related to the elasticity of the demand under the …