The Comparison of three Non-hypothetical Valuation Methods: Choice Experiments, Contingent Valuation, and Experimental Auction

This article examines the preferences revealed by three non-hypothetical experiments. We found that WTP estimates from the choice experiment are the highest, followed by that of contingent valuation methods, and then experimental auctions. Our results also suggest that the discrepancies among estimates from the valuation methods can come from the heterogeneity of respondents’ price bargaining aggressiveness.


Issue Date:
Feb 03 2013
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/143103
Total Pages:
20
Series Statement:
66




 Record created 2017-04-01, last modified 2017-04-26

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