External Validity of Contingent Valuation: Comparing Hypothetical and Actual Payments
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DOI: 10.1002/hec.3436
Abstract: Whilst contingent valuation is increasingly used in economics to value benefits, questions remain concerning its external validity that is do hypothetical responses match actual responses? We present results from the first within sample field test.… read more here.
Keywords: actual payments; hypothetical actual; contingent valuation; external validity ... See more keywords