CVM-X: Calibrating contingent values with experimental auction markets
CVM-X: Calibrating contingent values with experimental auction markets
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DOI:
10.2307/1244548
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发表时间:
1998-08-01
影响因子:
4.2
通讯作者:
Kliebenstein, JB
中科院分区:
文献类型:
--
作者:
Fox, JA;Shogren, JF;Kliebenstein, JB
We design and implement a method, CVM-X, to calibrate hypothetical survey values using experimental auction markets. We test the procedure using consumer willingness-to-pay for irradiated/nonirradiated meat. Our results show that calibration factors for those who favor the irradiation process (0.67-0.69) are less severe than for those with an initial dislike of the process (0.55-0.59), suggesting that calibration may be commodity specific.