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Original Articles

Hypothetical versus real willingness to pay: some experimental results

Pages 149-151 | Published online: 05 Oct 2010

References

  • Cummings , R. G. and Harrison , G. W. 1994 . Was the Ohio Court well informed in their assessment of the accuracy of the contingent valuation method? . Natural Resources Journal , 34 : 1 – 36 .
  • Cummings , R. G. , Harrison , G. W. and Rutström , E. E. 1995 . Homegrown values and hypothetical surveys: is the dichotomous choice approach incentive-compatible? . American Economic Review , 85 : 260 – 266 .
  • Davis , D. D. and Holt , C. A. 1993 . Experimental Economics , Princeton, NJ : Princeton University Press .
  • Mitchell , R. C. and Carson , R. T. 1989 . Using Surveys to Value Public Goods: the Contingent Valuation Method , Washington, DC : Resources for the Future .
  • Neill , H. R. , Cummings , R. G. , Ganderton , P. T. , Harrison , G. W. and McGuckin , T. 1994 . Hypothetical surveys and real economic commitments . Land Economics , 70 : 145 – 154 .
  • Newbold , P. 1991 . Statistics for Business and Economics , 3rd ed. , Englewood Cliffs, NJ : Prentice-Hall .

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