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Do students behave like adults? Evidence from valuation experiments

By Kelly Maguire, Laura Taylor and Shiferaw Gurmu

Abstract

The use of convenience samples in experimental economics has long been the standard practice. However, little evidence exists regarding behavioural differences between students and adults in contingent valuation experiments using a payment mechanism other than a referendum vote. Evidence is provided that students do in fact behave in a manner similar to adults using an open-ended willingness to pay payment question.

DOI identifier: 10.1080/1350485032000138395
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