Re-examining empirical evidence on stated preferences: importance of incentive compatibility

@inproceedings{Zawojska2017ReexaminingEE,
  title={Re-examining empirical evidence on stated preferences: importance of incentive compatibility},
  author={Ewa Zawojska and Mikolaj Czajkowski},
  year={2017}
}
The stated preference (SP) methods use respondents’ stated choices made in hypothetical situations to infer their preferences for environmental and other public goods. These methods enable researchers to express the general public's preferences in monetary terms, and hence, to estimate the economic value of a change in the quantity or quality of the goods. However, a key question remains regarding SP methods’ validity: do the value estimates obtained from an SP study reflect respondents’ true… CONTINUE READING