期刊
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS
卷 93, 期 5, 页码 1358-1373出版社
OXFORD UNIV PRESS INC
DOI: 10.1093/ajae/aar054
关键词
animal welfare; consumer preferences; choice experiment; experimental auctions; incentive compatibility; nonhypothetical elicitation methods; D8; Q51
Due to the importance of comparability and external validity of results, nonhypothetical experimental methods are increasingly used to elicit consumers' willingness to pay for various goods. Two of the increasingly popular preference elicitation methods are the nonhypothetical choice experiments and experimental auctions. We conduct experiments to compare willingness to pay estimates elicited from both methods. Our results generally suggest that valuations elicited from experimental auctions can differ from those obtained from nonhypothetical choice experiments.
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