Is cheap talk effective at eliminating hypothetical bias in a provision point mechanism?

被引:106
|
作者
Murphy, JJ
Stevens, TH
Weatherhead, D
机构
[1] Univ Massachusetts, Dept Resource Econ, Amherst, MA 01003 USA
[2] Univ Massachusetts, Ctr Publ Policy & Adm, Amherst, MA 01003 USA
[3] Univ Massachusetts, Dept Resource Econ, Amherst, MA 01002 USA
[4] US EPA, Off Air Qual Planning & Stand, Res Triangle Pk, NC 27711 USA
来源
ENVIRONMENTAL & RESOURCE ECONOMICS | 2005年 / 30卷 / 03期
关键词
contingent valuation; experiments; hypothetical bias; voluntary contributions;
D O I
10.1007/s10640-004-4224-y
中图分类号
F [经济];
学科分类号
02 ;
摘要
Significant difference between response to real and hypothetical valuation questions is often referred to as hypothetical bias. Some economists have had success with using "cheap talk" (which entails reading a script that explicitly highlights the hypothetical bias problem before participants make any decisions) as a means of generating unbiased responses in a referendum format. In this article, we test the robustness of cheap talk using a voluntary contribution mechanism with a provision point over a wide range of possible payment amounts. Our results confirm the existence of hypothetical bias, and suggest that cheap talk may eliminate hypothetical bias, but only for respondents facing higher payments.
引用
收藏
页码:327 / 343
页数:17
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