Necessary Conditions for Demand Revelation in Double Referenda

8 Pages Posted: 12 Sep 2013

See all articles by Katherine Silz Carson

Katherine Silz Carson

US Air Force Academy

Susan M. Chilton

University of Newcastle - Economics

W. George Hutchinson

Queen's University Belfast

Date Written: May 30, 2006

Abstract

This paper demonstrates a set of necessary conditions that should generate unbiased, internally consistent estimates of willingness to pay (WTP) from a double referendum mechanism. These conditions are also sufficient for demand revelation in an experimental laboratory environment. However, the control over the mechanism achieved in the lab may not be transferrable to the field and WTP estimates derived from field surveys may remain biased.

Keywords: Contingent valuation, Demand revelation, Consequential double referendum

JEL Classification: C91

Suggested Citation

Carson, Katherine Silz and Chilton, Susan M. and Hutchinson, W. George, Necessary Conditions for Demand Revelation in Double Referenda (May 30, 2006). Journal of Environmental Economics and Management, Vol. 57, No. 2, 2009. Available at SSRN: https://ssrn.com/abstract=2324361

Katherine Silz Carson (Contact Author)

US Air Force Academy ( email )

HQ USAFA/DFEG
2354 Fairchild Drive, Suite 6K110
USAF Academy, CO 80840-6299
United States

Susan M. Chilton

University of Newcastle - Economics ( email )

Newcastle-upon-Tyne NE1 7RU
United Kingdom

W. George Hutchinson

Queen's University Belfast ( email )

David Leir Building
Belfast, BT9 5AG
Ireland

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