Experimental economics (EE) axioms are directly applied in this paper to contingent valuation method (CVM) field survey procedures. The implications of EE concepts and precepts for conceptualizing and handling potential CVM biases and framing effects also are discussed. It is concluded that EE...

Economists are frequently faced with the task of valuing commodity package components. The valuation of specific impacts of public policies is a case in point. Two contingent market bid elicitation procedures were tested for valuing changes in single components of multicomponent government...