Multiple price lists are a convenient tool to elicit willingness to pay in surveys and experiments, but choice patterns such as “multiple switching” and “never switching” indicate high error rates. Existing measurement approaches often do not provide accurate standard errors and cannot correct for bias due to framing and order effects. This paper proposes to combine a randomization approach with a random-effects latent utility model to detect bias...
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2022/09/13
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Policy Research Working Paper
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WPS10173
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1
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2022/09/13
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Disclosed
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Multiple Price Lists for Willingness to Pay Elicitation
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Citation
Jack,B. Kelsey; McDermott,Kathryn; Sautmann,Anja.
Multiple Price Lists for Willingness to Pay Elicitation (English). Policy Research working paper ; no. WPS 10173 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099716109132237341