Hypothetical, real, and predicted real willingness to pay in open-ended surveys: experimental results

Anabela Botelho and Ligia Pinto

Applied Economics Letters, 2002, vol. 9, issue 15, 993-996

Abstract: This study reports the results of experiments designed to elicit, within a controlled laboratory environment, hypothetical and real willingness to pay for an environmental educational programme using the open-ended question format. By maintaining both the good and the question format constant across the treatments, the experiments overcome the shortcomings of recently reported experimental results, providing a clean test for hypothetical bias in open-ended valuations. Having found a statistically significant difference between the hypothetical and real values, the question of whether hypothetical valuations may nonetheless provide useful statistical information concerning individuals' real valuations is turned to. This question, which is perhaps the key question in the current state of the debate surrounding the contingent valuation method, is answered affirmatively in this study.

Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Hypothetical, real, and predicted real willingness to pay in open-ended surveys: experimental results (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:9:y:2002:i:15:p:993-996

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504850210148143

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().