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Willingness to Pay for Curbside Recycling with Detection and Mitigation of Hypothetical Bias
Author(s) -
Aadland David,
Caplan Arthur J.
Publication year - 2003
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1111/1467-8276.00136
Subject(s) - willingness to pay , preference , welfare , economics , statement (logic) , test (biology) , set (abstract data type) , public economics , actuarial science , econometrics , computer science , microeconomics , law , political science , paleontology , market economy , biology , programming language
In this article, we estimate willingness to pay for curbside recycling. Using a unique data set, we also test for and detect significant hypothetical bias using stated‐ and revealed‐preference data. A short‐scripted “cheap‐talk” statement is used to mitigate the bias and provide more efficient estimates of the welfare impacts of curbside recycling programs.