ARE HYPOTHETICAL REFERENDA INCENTIVE COMPATIBLE

Authors
CUMMINGS RG ELLIOTT S HARRISON GW
Citation
Rg. Cummings et al., ARE HYPOTHETICAL REFERENDA INCENTIVE COMPATIBLE, Journal of political economy, 105(3), 1997, pp. 609-621
Citations number
24
Categorie Soggetti
Economics
Journal title
Journal of political economy → ACNP
ISSN journal
00223808
Volume
105
Issue
3
Year of publication
1997
Pages
609 - 621
Database
ISI
SICI code
0022-3808(1997)105:3<609:AHRIC>2.0.ZU;2-A
Abstract
Hypothetical referenda have been proposed as an incentive-compatible m echanism that can be used to obtain social valuations of environmental resources. We employ experimental methods to test the hypothesis that such referenda are indeed incentive compatible. Our results lead us t o reject that hypothesis.