Valuing Access to our Public Lands: A Unique Public Good Pricing Experiment



Table 7. Awareness, Internal Hypothetical Bias and External Hypothetical Bias Calibration Factors

Panel A. NRP Revenue Predictions

Revenue Type

Predicted NRP Revenue ($65 × Millions of Households Purchasing NRP)

RDD Sample

NPF Sample

Non-Parametric

Parametric

Non-Parametric

Parametric

w/out Awareness Correction

491.14

254.63

0.88

1.40

w/ Awareness Correction

187.63

102.75

0.85

1.35

w/ Awareness & IHB
Correction

143.48

22.34

0.54

1.03

w/ EHB Correction

30.00

30.00

1.00

1.00

Panel B. Scaling Factors

Scaling Factor: “NRP Revenues are Divided by a Factor of

Calibration Type

RDD Sample

NPF Sample

Non-Parametric

Parametric

Non-Parametric

Parametric

Awareness Bias

2.62

2.48

1.04

1.04

Internal Hypothetical Bias

1.31

4.60

1.57

1.31

External Hypothetical Bias

4.78

0.74

0.54

1.03

Total Bias

16.41

8.44

0.88

1.40

Notes. IHB = Internal Hypothetical Bias; EHB = External Hypothetical Bias.

32



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