Title
Hypothetical versus real willingness to pay: Comment
Document Type
Article
Publication Date
6-1999
Publication Title
Applied Economics Letters
Publisher
Routledge
Volume
6
Abstract
The purpose of this comment is to examine the experimental design and empirical results presented by Johannesson, M., Liljas, B. and Peterson, G. (Applied Economics Letters, 4, 1997). Their paper attempts to confirm the Neill, H. R., Cummings, R. G., Ganderton, P., Harrison, G. W. and McGuckin, T. (Land Economics, 70, 1994) results. Their results are noteworthy since they find no statistical difference between real and hypothetical willingness-to-pay responses between groups. Their results also differ from earlier studies where hypothetical willingness to pay exceeds actual willingness to pay. This comment will examine important differences between the two studies. These differences make any substantive comparison of results difficult, if not impossible.
Disciplines
Social and Behavioral Sciences
Language
English
Repository Citation
Neill, H. R.
(1999).
Hypothetical versus real willingness to pay: Comment.
Applied Economics Letters, 6
Routledge.
http://dx.doi.org/10.1080/135048599353195