Elicitation formats and the WTA/WTP gap: A study of climate neutral foods

Andreas Drichoutis, Jayson Lusk and Valentina Pappa

MPRA Paper from University Library of Munich, Germany

Abstract: We conduct a field valuation experiment where we vary the valuation method (contingent valuation vs. inferred valuation) as well as the payment format (dichotomous choice vs. payment card). Willingness-to-accept and willingness-to-pay valuations are elicited in a within-subjects design for foods with climate neutral labels. We find a similar gap for valuations elicited with the contingent or the inferred valuation method. However, we also find that the gap can be muted by using a payment card elicitation format.

Keywords: willingness to pay; willingness to accept; contingent valuation; inferred valuation; payment card; single bounded (search for similar items in EconPapers)
JEL-codes: C93 D12 (search for similar items in EconPapers)
Date: 2014-05-08
New Economics Papers: this item is included in nep-dcm, nep-env and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/55831/1/MPRA_paper_55831.pdf original version (application/pdf)

Related works:
Journal Article: Elicitation formats and the WTA/WTP gap: A study of climate neutral foods (2016)
Working Paper: Elicitation formats and the WTA/WTP gap: A study of climate neutral foods (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:55831

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().