Using Cheap-Talk as a Test of Validity in Choice Experiments

Fredrik Carlsson, Peter Frykblom and Carl-Johan Lagerkvist
Additional contact information
Peter Frykblom: Department of Economics, Appalachian State University, Postal: Boone, North Carolina 28608-2051

No 128, Working Papers in Economics from University of Gothenburg, Department of Economics

Abstract: In two experiments on the choice of consumer goods, the estimated marginal willingness to pay for food are found to be lower in the survey version with cheap talk. Our test can be seen as a test of hypothetical bias. This implies we cannot reject the hypothesis of a hypothetical bias for marginal WTP in choice experiments.

Keywords: hypothetical WTP; cheap talk; incentive compatibility (search for similar items in EconPapers)
JEL-codes: C91 Q13 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2004-03-12
New Economics Papers: this item is included in nep-cbe, nep-dcm and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://hdl.handle.net/2077/2792 (text/html)

Related works:
Journal Article: Using cheap talk as a test of validity in choice experiments (2005)
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:hhs:gunwpe:0128

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers in Economics from University of Gothenburg, Department of Economics Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Jessica Oscarsson ().