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Edited by
John A. List
Professor of Economics, University of Chicago, USA
Research Associate, NBER and University Fellow, RFF, USA
© John A. List 2006
Contents
List of contributors viii
Introduction x
1 Anchoring and yea-saying with private goods:
an experiment 1
Ian Bateman, Alistair Munro, Bruce Rhodes,
Chris V. Starmer and Robert Sugden
2 Market price endogeneity and accuracy of value
elicitation mechanisms 20
Jayson L. Lusk and Matthew Rousu
3 Hypothetical bias over uncertain outcomes 41
Glenn W. Harrison
4 The use of a real-money experiment in a stated-preference
survey 70
John Horowitz
5 Mechanisms for addressing third-party impacts resulting
from voluntary water transfers 91
James J. Murphy, Ariel Dinar, Richard E. Howitt,
Erin Mastrangelo, Stephen J. Rassenti and Vernon L. Smith
6 Peer enforcement in CPR experiments: the relative
effectiveness of sanctions and transfer rewards, and the
role of behavioural types 113
Daan van Soest and Jana Vyrastekova
7 Experimental approaches to understanding inter-cultural
conflict over resources 137
Paul J. Ferraro and Ronald G. Cummings
8 Behavioural economics and the valuation of non-marketed
goods and services: the lab, the behavioural anomalies
and the policy-maker 161
Wiktor Adamowicz, Jonathan E. Alevy and John A. List
Index 179