CVM-X: Calibrating contingent values with experimental auction markets

被引：141

作者：

Fox, JA ^{[1
]}

Shogren, JF

Hayes, DJ

Kliebenstein, JB

机构：

[1] Kansas State Univ, Dept Agr Econ, Manhattan, KS 66506 USA

[2] Univ Wyoming, Dept Econ & Finance, Laramie, WY 82071 USA

[3] Iowa State Univ, Dept Econ, Ames, IA 50011 USA

来源：

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 1998年 / 80卷 / 03期

基金：

美国国家科学基金会;

关键词：

auctions; calibration; CVM-X; irradiated meat; valuation;

D O I：

10.2307/1244548

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

We design and implement a method, CVM-X, to calibrate hypothetical survey values using experimental auction markets. We test the procedure using consumer willingness-to-pay for irradiated/nonirradiated meat. Our results show that calibration factors for those who favor the irradiation process (0.67-0.69) are less severe than for those with an initial dislike of the process (0.55-0.59), suggesting that calibration may be commodity specific.

引用

页码：455 / 465

页数：11

共 39 条

[21] HARRISON G, 1995, UNPUB EXPT METHODS E
[22] ACCURACY IN VALUATION IS A MATTER OF DEGREE
KEALY, MJ
DOVIDIO, JF
ROCKEL, ML
[J]. LAND ECONOMICS, 1988, 64 (02) : 158 - 171
[23] LIST J, 1998, IN PRESS J EC BEHAV
[24] CONTINGENT VALUATION AND SOCIAL CHOICE
MCFADDEN, D
[J]. AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1994, 76 (04) : 689 - 708
[25] A THEORY OF AUCTIONS AND COMPETITIVE BIDDING
MILGROM, PR
WEBER, RJ
[J]. ECONOMETRICA, 1982, 50 (05) : 1089 - 1122
[26] HYPOTHETICAL SURVEYS AND REAL ECONOMIC COMMITMENTS
NEILL, HR
CUMMINGS, RG
GANDERTON, PT
HARRISON, GW
MCGUCKIN, T
[J]. LAND ECONOMICS, 1994, 70 (02) : 145 - 154
[27] LABORATORY EXPERIMENTS IN ECONOMICS - THE IMPLICATIONS OF POSTED-PRICE INSTITUTIONS
PLOTT, CR
[J]. SCIENCE, 1986, 232 (4751) : 732 - 738
[28] RUTSTROM EE, 1998, IN PRESS INT J GAME
[29] Seip K., 1992, ENVIRON RESOUR ECON, V2, P91, DOI [DOI 10.1007/BF00324691, 10.1007/BF00324691]
[30] SHOGREN J, 1993, AGR RES EC REV, V3, P117

← 1 2 3 4 →