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| Jutta Roosen, Stephan Marette and Sandrine Blanchemanche |
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| ''Value Elicitation using BDM and a Discrete Choice Mechanism'' |
| ( 2010, Vol. 30 No.2 ) |
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| We compare the Becker-DeGroot-Marschak (BDM) mechanism to a discrete choice mechanism for revealing willingness to pay (WTP) in a lab experiment. Differences in WTP disappear when considering only engaged bidders with non-zero bids. Only WTP elicited with BDM are sensitive to the variation of quantity offered to participants. |
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| Keywords: experimental economics, substitution |
JEL: C9 - Design of Experiments: General
I1 - Health: General |
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| Manuscript Received : May 16 2010 | | Manuscript Accepted : May 26 2010 |
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