期刊
ECONOMICS LETTERS
卷 124, 期 1, 页码 9-13出版社
ELSEVIER SCIENCE SA
DOI: 10.1016/j.econlet.2014.04.005
关键词
Experimental economics; Choice experiment; Demand revelation
类别
资金
- Chief Scientist Office [HERU1] Funding Source: researchfish
This study investigates whether a popular stated preference method, the choice experiment (CE), reliably measures individuals' values for a good. We address this question using an induced value experiment. Our results indicate that CEs fail to elicit payoff maximizing choices. We find little evidence that increasing the salience of the choices or adding monetary incentives increase the proportion of payoff maximizing choices. This questions the increasing use of CE to value non-market goods for policy making. (C) 2014 Elsevier B.V. All rights reserved.
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