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Applied Economics Letters Volume 26, 2019 - Issue 15
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Articles

Procedural invariance as a result of commitment costs: evidence from an economic experiment on farmers’ willingness to pay for digestate

Gioacchino PappalardoDepartment of Agriculture, Food and Environment (Di3A), University of Catania, Catania, ItalyCorrespondence[email protected]
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,
Roberta SelvaggiDepartment of Agriculture, Food and Environment (Di3A), University of Catania, Catania, ItalyView further author information
&
Jayson L. LuskDepartment of Agricultural Economics, Purdue University, West Lafayette, IN, USAView further author information
Pages 1243-1246 | Published online: 07 Nov 2018

References

  • Bazzani, C., V. Caputo, R. M. Nayga, and M. Canavari. 2017. “Testing Commitment Cost Theory in Choice Experiments.” Economic Inquiry 55 (1): 383–396. doi:10.1111/ecin.12377.
  • Corrigan, J., A. Drichoutis, J. Lusk, R. M. Nayga, and M. Rousu. 2011. “Repeated Rounds with Price Feedback in Auction Experiment Valuation: An Adversarial Collaboration.” American Journal of Agricultural Economics 94 (1): 97–115. doi:10.1093/ajae/aar066.
  • Corrigan, J. R. 2005. “Is the Auction Experiment a Dynamic Market?" Environmental and Resource Economics 31 (1): 35–45.
  • Corrigan, J. R., C. L. Kling, and J. Zhao. 2008. “Willingness to Pay and the Cost of Commitment: An Empirical Specification and Test.” Environmental and Resource Economics 40 (2): 285–298. doi:10.1007/s10640-007-9153-0.
  • Kling, C. L., J. A. List, and J. Zhao. 2013. “A Dynamic Explanation of the Willingness to Pay and Willingness to Accept Disparity.” Economic Inquiry 51 (1): 909–921. doi:10.1111/ecin.2013.51.issue-1.
  • Lusk, J. L. 2003. “An Experimental Test of Commitment Cost Theory.” American Journal of Agricultural Economics 85 (5): 1316–1322. doi:10.1111/j.0092-5853.2003.00549.x.
  • Lusk, J. L., T. Feldkamp, and T. C. Schroeder. 2004. “Experimental Auction Procedure: Impact on Valuation of Quality Differentiated Goods.” American Journal of Agricultural Economics 86 (2): 389–405. doi:10.1111/j.0092-5853.2004.00586.x.
  • Lusk, J. L., and T. C. Schroeder. 2006. “Auction Bids and Shopping Choices.” Advances in Economic Analysis & Policy 6: 1. doi:10.2202/1538-0637.1539.
  • Zhao, J., and C. Kling, 2000. Willingness-to-Pay, Compensating Variation, and the Cost of Commitment. Working paper. Iowa State University.
  • Zhao, J., and C. L. Kling. 2001. “A New Explanation for the WTP/WTA Disparity.” Economics Letters 73 (3): 293–300. doi:10.1016/S0165-1765(01)00511-0.
  • Zhao, J., and C. L. Kling. 2004. “Willingness to Pay, Compensating Variation, and the Cost of Commitment.” Economic Inquiry 42 (3): 503–517. doi:10.1093/ei/cbh077.

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