Accessibility navigation

An experimental validation of hypothetical WTP for a recyclable product

Camacho-Cuena, E., García-Gallego, A., Georgantzis, N. and Sabater-Grande, G. (2004) An experimental validation of hypothetical WTP for a recyclable product. Environmental and Resource Economics, 27 (3). pp. 313-335. ISSN 0924-6460

Full text not archived in this repository.

It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing.

To link to this item DOI: 10.1023/B:EARE.0000017657.08513.74


Using a within-subject experiment, we compare hypothetical and real willingness to pay (WTP) for an improvement in the recyclability of a product. Subjects are faced with a real payment scenario after they have responded to a hypothetical question. Contrary to most of the results obtained in similar studies, at apopulation level, there are no significant median differences between actual and hypothetical stated values of WTP. However,within-subject comparisons between hypothetical and actual values indicate that subjects stating a low (high) hypothetical WTP tend to underestimate (overestimate) the value of their actual contributions.

Item Type:Article
Divisions:Life Sciences > School of Agriculture, Policy and Development > Department of Agri-Food Economics & Marketing
ID Code:34787

University Staff: Request a correction | Centaur Editors: Update this record

Page navigation