Are Valuations from Nonhypothetical Choice Experiments Different from Those of Experimental Auctions?

被引:54
作者
Gracia, Azucena
Loureiro, Maria L. [1 ]
Nayga, Rodolfo M., Jr. [2 ]
机构
[1] Univ Santiago de Compostela, Fac C Econ & Empresarias, Dept Fundamentos Analise Econ, Santiago De Compostela 15782, Spain
[2] Univ Arkansas, Div Agr, Dept Agr Econ & Agribusiness, Fayetteville, AR 72701 USA
关键词
animal welfare; consumer preferences; choice experiment; experimental auctions; incentive compatibility; nonhypothetical elicitation methods; D8; Q51; WILLINGNESS-TO-PAY; FARM-ANIMAL WELFARE; PREFERENCES; BEEF; CONSUMERS; FOOD; MECHANISM; GOODS; FIELD; GM;
D O I
10.1093/ajae/aar054
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
Due to the importance of comparability and external validity of results, nonhypothetical experimental methods are increasingly used to elicit consumers' willingness to pay for various goods. Two of the increasingly popular preference elicitation methods are the nonhypothetical choice experiments and experimental auctions. We conduct experiments to compare willingness to pay estimates elicited from both methods. Our results generally suggest that valuations elicited from experimental auctions can differ from those obtained from nonhypothetical choice experiments.
引用
收藏
页码:1358 / 1373
页数:16
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