Template-Type:ReDIF-Paper 1.0  
Title:Experimental Methods and Elicitation of Values
Author-Name: Harrison, Glen W.
Author-Name: Ronald M. Harstad
Author-Name: E. Elisabet Rutström
Classification-JEL:
Keywords:
Abstract:Experimental methods are currently being used extensively to elicit subjective values for commodities and
	projects. Three methodological problems are not addressed in this emerging literature. The first is the potential for
	laboratory responses to be censored by field opportunities; the second is the potential for subjective perceptions about
	field opportunities, and hence responses, to be affected by the instution used to elicit values; and third is the potential
	for some elicitation institutions to influence subjective perceptions of characteristics of the commodity or project being
	valued. All three problems result in potential loss of control over the value elicitation process.
Length: pages
Creation-Date: 1995-11
Revision-Date: 
Handle: RePEc:bon:bonsfb:349