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Necessary conditions for demand revelation in double referenda

Lookup NU author(s): Professor Susan Chilton

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Abstract

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.

Publication metadata

Author(s): Carson KS, Chilton SM, Hutchinson WG

Publication type: Article

Publication status: Published

Journal: Journal of Environmental Economics and Management

Year: 2009

Volume: 57

Issue: 2

Pages: 219-225

ISSN (print): 0095-0696

ISSN (electronic): 1096-0449

Publisher: Academic Press

URL: http://dx.doi.org/10.1016/j.jeem.2008.07.005

DOI: 10.1016/j.jeem.2008.07.005

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