An Inferred Valuation Method
An Inferred Valuation Method
复制标题
推断估值方法
DOI:
10.3368/le.85.3.500
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发表时间:
2009
期刊:
影响因子:
1.4
通讯作者:
F. Norwood
中科院分区:
文献类型:
--
作者:
J. Lusk;F. Norwood
Although estimates of people’s values for public goods are often needed to conduct costbenefit analysis, existing value elicitation methods are prone to a number of well-documented biases. We argue that some of these biases result because people derive utility from the act of saying they are willing to pay for a good. To counteract this phenomenon, we consider an approach that asks people to predict or infer others’ values for a good instead of asking people to state their own value. Both a conceptual model and results from a laboratory experiment lend support for the new approach. (JEL H41, Q51)