Using Cheap-Talk as a Test of Validity in Choice Experiments

Lagerkvist, Carl-Johanswe
Frykblom, Peterswe
Carlsson, Fredrikswe
Department of Economicsswe
2004-03-12swe
2007-02-09T11:15:37Z
2007-02-09T11:15:37Z
2004swe
In two experiments on the choice of consumer goods, the estimated marginal willingness to pay for food are found to be lower in the survey version with cheap talk. Our test can be seen as a test of hypothetical bias. This implies we cannot reject the hypothesis of a hypothetical bias for marginal WTP in choice experiments.swe
11 pagesswe
136358 bytes
application/pdf
3448swe
Göteborg University. School of Business, Economics and Lawswe
1403-2465swe
http://hdl.handle.net/2077/2792
enswe
Working Papers in Economics, nr 128swe
hypothetical WTP; cheap talk; incentive compatibilityswe
Economicsswe
Using Cheap-Talk as a Test of Validity in Choice Experimentsswe
Reportswe

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