Starting-point bias and respondent uncertainty in dichotomous choice contingent valuation surveys

In this article, we develop a dichotomous choice model with follow-up questions that describes the willingness to pay being uncertain in an interval. The initial response is subject to starting point bias. Our model provides an alternative interpretation of the starting point bias in the dichotomous choice valuation surveys. Using the Exxon Valdez survey, we show that, when uncertain, individuals tend to answer "yes".

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Year of publication:	2007-09
Authors:	Flachaire, Emmanuel ; Hollard, Guillaume
Institutions:	HAL
Subject:	starting point bias \| preference uncertainty \| contingent valuation

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00175925 Published, Resource and Energy Economics, 2007, 29, 3, 183-194
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010750948