Loomis, John; Gonzalez-Caban, Armando; Gregory, Robin - In: Land Economics 70 (1994) 4
A test is performed of the recommendation by the NOAA panel on contingent valuation that respondents be reminded about other substitute resources and their budget constraint prior to answering the willingness-to-pay (WTP) question. The context for this experiment is a CVM study of the benefits...