Do students behave like adults? Evidence from valuation experiments

Kelly Maguire (), Laura Taylor and Shiferaw Gurmu

Applied Economics Letters, 2003, vol. 10, issue 12, 753-756

Abstract: The use of convenience samples in experimental economics has long been the standard practice. However, little evidence exists regarding behavioural differences between students and adults in contingent valuation experiments using a payment mechanism other than a referendum vote. Evidence is provided that students do in fact behave in a manner similar to adults using an open-ended willingness to pay payment question.

Date: 2003
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DOI: 10.1080/1350485032000138395

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