The Comparison of three Non-hypothetical Valuation Methods: Choice Experiments, Contingent Valuation, and Experimental Auction

This article examines the preferences revealed by three non-hypothetical experiments. We found that WTP estimates from the choice experiment are the highest, followed by that of contingent valuation methods, and then experimental auctions. Our results also suggest that the discrepancies among estimates from the valuation methods can come from the heterogeneity of respondents’ price bargaining aggressiveness.

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Year of publication:	2013-02-03
Authors:	Xie, Jing ; Gao, Zhifeng
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Consumer preferences \| choice experiment \| contingent valuation \| auction \| price bargaining aggressiveness \| Agribusiness \| Consumer/Household Economics \| Institutional and Behavioral Economics \| Marketing

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Extent:	application/pdf
Series:	2013 Annual Meeting, February 2-5, 2013, Orlando, Florida.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida Number 143103
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010915055