Downward Hypothetical Bias in the Willingness to Accept Measure for Private Goods: Evidence from a Field ExperimentJEL codes

Liu, PF; Tian, XH

Tian, XH (corresponding author), Renmin Univ China, Sch Agr Econ & Rural Dev, Beijing, Peoples R China.

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, ; ():

Abstract

This paper documents a downward hypothetical bias in the willingness to accept measure for a private good using the Becker-DeGroot-Marschak (BDM) meth......

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