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A COMPARISON OF HYPOTHETICAL PHONE AND MAIL CONTINGENT VALUATION RESPONSES FOR GREEN PRICING ELECTRICITY PROGRAMS AgEcon
Ethier, Robert G.; Poe, Gregory L.; Schulze, William D.; Clark, Jeremy.
To date, much of the policy and research debate on contingent valuation mode effects has relied on experiences drawn from other research disciplines. This study provides the first contingent valuation phone-mail comparison that meets current standards for response rates, draws from a general population, is relevant to the valuation of general environmental goods, and allows comparisons with actual sign-ups. Consistent with previous research in other disciplines, social desirability bias is found in responses to subjective questions --thus leading to more environmentally favorable responses on the phone. However, this effect does not carry over to hypothetical participation decisions. Hypothetical bias is found in both modes. Yet, application of calibration...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Economics and Policy.
Ano: 1997 URL: http://purl.umn.edu/7245
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AJAE Appendix: The Problem of Free Riding in Voluntary Generic Advertising: Parallelism and Possible Solutions from the Lab AgEcon
Messer, Kent D.; Kaiser, Harry M.; Schulze, William D..
The material contained herein is supplementary to the article named in the title and published in the American Journal of Agricultural Economics.
Tipo: Journal Article Palavras-chave: Marketing.
Ano: 2008 URL: http://purl.umn.edu/7091
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ALTERNATIVE AUCTION INSTITUTIONS FOR ELECTRIC POWER MARKETS AgEcon
Bernard, John C.; Mount, Timothy D.; Schulze, William D..
Restructuring of electric power markets is proceeding across the United States and in many other nations around the world. The performance of these markets will influence everything from the prices faced by consumers to the reliability of the systems. The challenges of these changes present many important areas for research. For much of the northeastern United States, restructuring proposals include, at least for the short term, the formation of a single-sided auction mechanism for the wholesale market. This research uses experimental methods to analyze how these markets may function. In the experiments, the two basic uniform price auction rules are tested under three different market sizes. Early experimental results suggest the commonly proposed...
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/31529
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An Experimental Exploration of a Voluntary Mechanism to Reduce Nonpoint Source Water Pollution with a Background Threat of Regulation AgEcon
Suter, Jordan F.; Vossler, Christian A.; Poe, Gregory L.; Schulze, William D.; Segerson, Kathleen.
In this paper we build on a voluntary mechanism introduced by Segerson and Wu (2006) that uses the threat of an ambient tax to induce nonpoint source polluters to reduce emissions. In addition to reviewing Segerson and Wu's policy, we propose a new voluntary/threat policy that offers some theoretical advantages over that put forward by Segerson and Wu. We then test various forms of voluntary/threat policies in the experimental economics laboratory and compare the outcomes to a policy that administers strictly a per unit ambient tax.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/21416
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ANOMALIES IN VOTING: AN EXPERIMENTAL ANALYSIS USING A NEW, DEMAND REVEALING (RANDOM PRICE VOTING) MECHANISM AgEcon
Messer, Kent D.; Poe, Gregory L.; Rondeau, Daniel; Schulze, William D.; Vossler, Christian A..
This study investigates the influence of social preferences on voting decisions using a new Random Price Voting Mechanism (RPVM), which is best thought of as a public goods voting extension of the Becker-DeGroot-Marshack mechanism for private goods. In particular, this mechanism is used to investigate experimentally whether voting decisions are affected by the distribution of net benefits associated with a proposed public program. Recent papers have shown that, in additional to selfishness, factors such as inequality aversion, maximin preferences, and efficiency may influence individual decisions. However, the effect of social preferences on voting, the predominant funding mechanism for public goods by legislatures and public referenda, has not been...
Tipo: Conference Paper or Presentation Palavras-chave: Institutional and Behavioral Economics.
Ano: 2006 URL: http://purl.umn.edu/21145
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CAN HYPOTHETICAL, QUESTIONS PREDICT ACTUAL, PARTICIPATION IN PUBLIC PROGRAMS? A FIELD VALIDITY TEST USING A PROVISION POINT MECHANISM AgEcon
Poe, Gregory L.; Clark, Jeremy; Schulze, William D..
Niagara Mohawk Power Corporation utilized a demand revealing public good mechanism to implement a green electricity program for provision of renewable energy and planting trees. This GreenChoiceTM program provided an opportunity to test the reliability of contingent valuation for predicting actual participation levels. In this study, participation levels predicted by hypothetical open-ended and dichotomous choice questions are compared to a reference level obtained from the actual GreenChoiceTM program. This approach represents an important improvement over past public goods contingent valuation validity tests which have relied on voluntary contribution mechanisms to elicit actual willingness to pay, and thus are likely to overestimate hypothetical bias...
Tipo: Working or Discussion Paper Palavras-chave: Public Economics; Resource /Energy Economics and Policy.
Ano: 1997 URL: http://purl.umn.edu/7264
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DEVELOPING A DEMAND REVEALING MARKET CRITERION FOR CONTINGENT VALUATION VALIDITY TESTS AgEcon
Rondeau, Daniel; Poe, Gregory L.; Schulze, William D..
Past research suggests that contingent valuation overstates demand for public goods. These estimates of hypothetical bias are probably invalid since they rely on voluntary contributions mechanisms which fail to reveal demand. An improved mechanism is shown to reveal aggregate demand in controlled experiments. However, individual contributions deviate from induced value. Key Words: contingent valuation, voluntary contributions, provision point, experiments JEL Codes: H41, C92, Q20
Tipo: Working or Discussion Paper Palavras-chave: Contingent valuation; Voluntary contributions; Provision point; Experiments; Research Methods/ Statistical Methods; H41; C92; Q20.
Ano: 1996 URL: http://purl.umn.edu/6856
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ECOSYSTEM VALUES AND SURFACE WATER PROTECTION: BASIC RESEARCH ON THE CONTINGENT VALUATION METHOD AgEcon
Messer, Kent D.; Platt, Lara E.; Poe, Gregory L.; Rondeau, Daniel; Schulze, William D.; Vossler, Christian A..
Tipo: Technical Report Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/121578
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EXPIRATION DATES AND STIGMA: WHY DON’T WE OBSERVE HEDONIC MARKETS FOR PERISHABLE PRODUCTS? AgEcon
Kerley, Deborah; Messer, Kent D.; Wansink, Brian; Kaiser, Harry M.; Schulze, William D..
Consumers indicate on surveys that price and freshness are important to their purchase decisions. If this is true, then why don’t retailers sell milk differentiated by the date it was pasteurized or why are meats not displayed with several different prices based on time since butchering? Our experimental results suggest that the addition of an expiration date led consumers to consider milk to have a consistent level of freshness until the expiration date in contrast to them assuming a more linear decline. Our findings indicate that expiration dating substantially alters consumers’ beliefs on milks’ freshness and potentially enhances firms’ profits.
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2008 URL: http://purl.umn.edu/6547
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Matching Grants and Charitable Giving: Why People Sometimes Provide a Helping Hand to Fund Environmental Goods AgEcon
Kotani, Koji; Messer, Kent D.; Schulze, William D..
Matching grants are a prevalent mechanism for funding environmental, conservation, and natural resource projects. However, economists have largely been silent regarding the potential benefits of these mechanisms at increasing voluntary contributions. To examine the behavioral responses to different match levels, this research uses controlled laboratory experiments with generically framed instructions and introduces a general-form matching-grant mechanism, referred to as the proportional contribution mechanism (PCM). Results show that contributions are positively correlated with both the match and the induced value of the public good even when a dominant strategy is free-riding. An implication of this partial demand revelation result is that manifestations...
Tipo: Journal Article Palavras-chave: Matching grants; Public goods; Charitable giving; Voluntary contributions; Experimental economics; Warm glow; Helping hand; Environmental Economics and Policy; Public Economics.
Ano: 2010 URL: http://purl.umn.edu/90843
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PURE ALTRUISM AND THE VALUATION OF RISK: AN EXPERIMENTAL TEST OF THE JOHANNESSON ET AL. CONJECTURE AgEcon
Schulze, William D.; Poe, Gregory L.; Messer, Kent D..
Johannesson et al.(1996) conjecture that in a coercive, uniform tax setting like dichotomous choice contingent valuation, willingness to pay for public programs would be affected by altruistic consideration of the costs imposed on others. Using a voting-BDM elicitation mechanism, we demonstrate such valuation petterns in an experimental economics setting.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2004 URL: http://purl.umn.edu/20294
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Social Preferences and Voting: An Exploration Using a Novel Preference Revealing Mechanism AgEcon
Messer, Kent D.; Poe, Gregory L.; Rondeau, Daniel; Schulze, William D.; Vossler, Christian A..
Public referenda are frequently used to determine the provision of public goods. As public programs have distributional consequences, a compelling question is what role if any social preferences have on voting behavior. This paper explores this issue using laboratory experiments wherein voting outcomes lead to a known distribution of net benefits across participants. Preferences are elicited using a novel Random Price Voting Mechanism (RPVM), which is a more parsimonious mechanism than dichotomous choice referenda, but gives consistent results. Results suggest that social preferences, in particular a social efficiency motive, lead to economically meaningful deviations from self-interested voting choices and increase the likelihood that welfare-enhancing...
Tipo: Working or Discussion Paper Palavras-chave: Institutional and Behavioral Economics; Research Methods/ Statistical Methods; C91; C92; D64; D72; H41.
Ano: 2008 URL: http://purl.umn.edu/51132
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Status Quo Bias and Voluntary Contributions: Can Lab Experiments Parallel Real World Outcomes for Generic Advertising? AgEcon
Messer, Kent D.; Kaiser, Harry M.; Schulze, William D..
This paper exploits a unique opportunity to test parallelism between the field and laboratory for the Voluntary Contribution Mechanism (VCM). Most commodities in the United States have checkoff programs assessing producers for generic advertising and promotion, a public good for producers. Examples include: Got Milk? and the Incredible Edible Egg. Originally, participation in many of these programs used the VCM and the freeriding observed follows a similar pattern to that seen in the laboratory by experimental economists. For example, a substantial amount of historical information is available for the egg industry’s generic advertising program. We simulate both the economic and psychological details of this industry in a parallelism experiment. The results...
Tipo: Technical Report Palavras-chave: Marketing.
Ano: 2004 URL: http://purl.umn.edu/122094
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Status-Quo-Bias and Voluntary Contributions: Can Lab Experiments Parallel Real World Outcomes for Generic Advertising? AgEcon
Messer, Kent D.; Kaiser, Harry M.; Schulze, William D..
Many commodities have programs assessing producers for generic advertising. Ads such as "Got Milk?" and the "Incredible Edible Egg" are a public good for producers. Most of these programs originally used the Voluntary Contribution Mechanism, but have now become mandatory because of free-riding. This research simulates both the economic and psychological details of the egg industry in experiments that produce strikingly realistic results. Because mandatory programs have recently been declared unconstitutional, we also the test the Provision Point Mechanism and show that observed low levels of free-riding for both mechanisms are the result of status quo bias.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing; H40; H41; M37.
Ano: 2004 URL: http://purl.umn.edu/20072
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The Value of Private Risk Versus the Value of Public Risk: An Experimental Analysis of the Johannesson et al. Conjecture AgEcon
Messer, Kent D.; Poe, Gregory L.; Schulze, William D..
In 1996 Johannesson et al. published a paper in this journal entitled “The Value of Private Safety versus the Value of Public Safety.” Based on preliminary evidence from a hypothetical contingent valuation study, these authors argue that consumers behave as “pure altruists” and reject the notion of paternalistic preferences for safety in a coercive tax setting. These pure altruists consider the cost of a program that might be imposed on other voters when they decide whether to vote for or against public safety programs. The authors conclude that further empirical research in this area is warranted. This paper presents a set of laboratory economics experiments to test Johannesson et al.’s conjecture under controlled conditions in which participants face an...
Tipo: Working or Discussion Paper Palavras-chave: Altruism; Risk; Voting; Public goods; Research Methods/ Statistical Methods; Risk and Uncertainty; D81; D64; H41; C91; C92; D72.
Ano: 2008 URL: http://purl.umn.edu/51141
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VOLUNTARY REVELATION OF THE DEMAND FOR PUBLIC GOODS USING A PROVISION POINT MECHANISM AgEcon
Rondeau, Daniel; Schulze, William D.; Poe, Gregory L..
Revised July 1998
Tipo: Working or Discussion Paper Palavras-chave: Public goods; Voluntary contributions; Provision point; Experiments; Information; Group size; Resource /Energy Economics and Policy; H41; C92.
Ano: 1997 URL: http://purl.umn.edu/7265
Registros recuperados: 16
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