Necessary Conditions for Demand Revelation in Double Referenda
8 Pages Posted: 12 Sep 2013
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: 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
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.