Necessary conditions for demand revelation in double referenda

Katherine Carson, Susan M. Chilton and W. George Hutchinson

Journal of Environmental Economics and Management, 2009, vol. 57, issue 2, 219-225

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.

Keywords: Contingent; valuation; Demand; revelation; Consequential; double; referendum (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:57:y:2009:i:2:p:219-225

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