On the use of cheap talk in hypothetical product valuation: a field experiment

Experimental willingness to pay (WTP) studies can be classified as hypothetical or non-hypothetical. In a hypothetical study, such as conjoint analysis, a subject does not need to make a real economic commitment. In contrast, in a non-hypothetical task such as in experimental auctions, a subject may...

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Bibliographic Details
Main Author: Silva, Andres
Other Authors: Nayga, Rodolfo M.
Format: Others
Language:en_US
Published: 2010
Subjects:
Online Access:http://hdl.handle.net/1969.1/ETD-TAMU-2409
http://hdl.handle.net/1969.1/ETD-TAMU-2409