onsdag 25. april 2012


Abstract: Consequentiality is getting considerable attention in the recent contingent valuation literature. This paper uses an induced-value experiment to provide robustness tests of the incentive compatibility of binary probabilistic referenda by varying consequential probability, group size, and net gain. Overall, we find strong support for the robustness of incentive compatibility of consequential contingent valuation referenda, in the sense that a small percentage (4%) of the total votes violated the condition. However, we find statistically significant systematic errors associated with a small consequential probability and a small, positive value-cost spread.

Seminaret finner sted i Ellen & Axel Lunds hus H-125 kl 11:30. Servering av vafler og kaffe.

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