Are Hypothetical Referenda Incentive Compatible?
- 1 June 1997
- journal article
- Published by University of Chicago Press in Journal of Political Economy
- Vol. 105 (3) , 609-621
- https://doi.org/10.1086/262084
Abstract
Hypothetical referenda have been proposed as an incentive‐compatible mechanism 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 to reject that hypothesis.Keywords
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