Eliciting and utilizing willingness to pay: evidence from field trials in Northern Ghana

Gregory Fischer, James Berry and Raymond Guiteras

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We utilize the Becker-DeGroot-Marschak (1964) mechanism to estimate the willingness to pay for clean drinking water technology in northern Ghana. The BDM mechanism has attractive properties for empirical research, allowing us to directly estimate demand, compute heterogeneous treatment effects, and study the screening and causal effects of prices with minor modifications to a standard field experiment setting. We demonstrate the implementation of BDM along these three dimensions, compare it to the standard take-it-or-leave it method for eliciting willingness to pay, and discuss practical issues for implementing the mechanism in true field settings.

JEL-codes: C3 D12 D82 L11 L31 (search for similar items in EconPapers)
Date: 2012-04-07
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Citations: View citations in EconPapers (32)

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Related works:
Journal Article: Eliciting and Utilizing Willingness to Pay: Evidence from Field Trials in Northern Ghana (2020)
Working Paper: Eliciting and utilizing willingness to pay: evidence from field trials in northern Ghana (2020)
Working Paper: Eliciting and Utilizing Willingness-to-Pay: Evidence from Field Trials in Northern Ghana (2018)
Working Paper: Eliciting and Utilizing Willingness-to-pay: Evidence from Field Trials in Northern Ghana (2018)
Working Paper: Eliciting and Utilizing Willingness to Pay: Evidence from Field Trials in Northern Ghana (2015)
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