Multiple price lists for willingness to pay elicitation

A-Tier
Journal: Journal of Development Economics
Year: 2022
Volume: 159
Issue: C

Authors (3)

Jack, B. Kelsey (not in RePEc) McDermott, Kathryn (not in RePEc) Sautmann, Anja (World Bank Group)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Multiple price lists are a convenient tool to elicit willingness to pay (WTP) 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. We propose to combine a randomization approach with a random-effects latent utility model to detect bias and account for error. Data from a choice experiment in South Africa shows that significant order effects exist which, if uncorrected, would lead to distorted conclusions about subjects’ preferences. We provide templates to create a multiple price list survey instrument in SurveyCTO and analyze the resulting data using our proposed methods.

Technical Details

RePEc Handle
repec:eee:deveco:v:159:y:2022:i:c:s0304387822001195
Journal Field
Development
Author Count
3
Added to Database
2026-01-29