search query: @indexterm incentives / total: 682
reference: 323 / 682
| Author: | Lunander, A. |
| Title: | Inducing incentives to understate and to overstate willingness to pay within the open-ended and the dichotomous-choice elicitation formats: an experimental study |
| Journal: | Journal of Environmental Economics and Management
1998 : JAN, VOL. 35:1, p. 88-102 |
| Index terms: | INCENTIVES PAY MANAGEMENT |
| Language: | eng |
| Abstract: | The subject of this paper is a laboratory experiment in which nearly 300 students were asked to state their willingness to pay (WTP) for an actual market good. Two elicitation methods were used: the open-ended and the dichotomous-choice formats. The results indicate that individuals respond to incentives in the predicted direction. Further, when an individual had an incentive to overstate his true WTP the DC format yielded higher estimates of WTP than the OE format. |
SCIMA