EMPIRICAL TESTS OF HYPOTHETICAL BIAS IN CONSUMERS' SURPLUS SURVEYS

Questionnaire surveys are an established economic research method for eliciting consumers' surplus values. However, the necessarily hypothetical nature of surveys may not promote truthful responses. In 17 empirical tests, actual money donations were elicited and compared to hypothetical donations elicited previously. In all 17, there was no statistical difference between the actual and hypothetical willingness to pay. Hypothetical bias was therefore absent in all these tests.


Issue Date:
1988-08
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/22956
PURL Identifier:
http://purl.umn.edu/22956
Published in:
Australian Journal of Agricultural Economics, Volume 32, Number 2-3
Page range:
98-112
Total Pages:
15




 Record created 2017-04-01, last modified 2018-01-22

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