Kling, Catherine Louise; List, John A.; Zhao, Jinhua - Center for Agricultural and Rural Development (CARD), … - 2003
values are
predicted to exceed WTA values—oftentimes are met.
Keywords: field experiment, neoclassical theory … in which subjects formulate their WTP or WTA facing a trading
opportunity in an experiment, knowing that the same good … that they can learn both
v and R with certainty later (i.e., after the experiment).
2
Now, consider an experiment in …