Dataset and protocols on the applicability of the BDM mechanism in product evaluation

Understanding how to best elicit consumers' willingness to pay (WTP) for goods in an incentive-aligned way is one of the cornerstones in marketing planning decisions and consumer welfare theory. This article provides a dataset from an experiment with n = 107 consumers that measured the WTP for...

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Bibliographic Details
Main Authors: Marcel Lichters, Verena Wackershauser, Shixing Han, Bodo Vogt
Format: Article
Language:English
Published: Elsevier 2019-08-01
Series:Data in Brief
Online Access:http://www.sciencedirect.com/science/article/pii/S2352340919304147