Buying Time: Real and Hypothetical Offers

摘要

This article provides the results of a field test of contingent valuation estimates within a willingness to accept framework. Using dichotomous choice questions in telephone- willingness to accept framework. Using dichotomous choice questions in teleophone- mail-telephone interviews, we compare survey respondents' responses to real and hypotheti- cal offers for the opportunity to spend time in a second set of interviews on an undisclosed topic. Five hundred and forty people were randomly split between the real and hypothetical treatments.