Eliciting willingness-to-pay to decompose beliefs and preferences that determine selection into competition in lab experiments
通过支付意愿分解实验中竞争选择的信念与偏好
This paper develops a partial-identification methodology for analyzing self-selection into alternative compensation schemes in a laboratory environment. We formulate a model of self-selection in which individuals select the compensation scheme with the largest expected valuation, which depends on individual- and scheme-specific beliefs and non-monetary preferences. We characterize the resulting sharp identified sets for individual-specific willingness-to-pay, subjective…