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

Eve J. Froehlich and Jared G. 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)
Pages: 20
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeasm:34945

DOI: 10.22004/ag.econ.34945

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