Comparing Willingness-to-Pay Estimates from Experimental Auctions with Mailed Surveys Incorporating Cheap Talk

Eve Froehlich and Jared Carlberg

No 34945, 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: Willingness-to-pay (WTP) results from experimental auctions are compared to those from cheap-talk and conventional surveys for branded beef products in Canada. It is found that while the cheap-talk survey appears to mitigate hypothetical bias compared to the conventional survey, cheap-talk survey WTP remains higher than that in experimental auctions.

Keywords: Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 2007
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