Lookup NU author(s): Professor Susan Chilton
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This paper demonstrates a set of necessary conditions that should generate unbiased, internally consistent estimates of willingness to pay (WTP) from a double referendum mechanism. These conditions are also sufficient for demand revelation in an experimental laboratory environment. However, the control over the mechanism achieved in the lab may not be transferrable to the field and WTP estimates derived from field surveys may remain biased. (c) 2008 Elsevier Inc. All rights reserved.
Author(s): Carson KS, Chilton SM, Hutchinson WG
Publication type: Article
Publication status: Published
Journal: Journal of Environmental Economics and Management
ISSN (print): 0095-0696
ISSN (electronic): 1096-0449
Publisher: Academic Press
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