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The truth, the whole truth, and nothing but the truth a multiple country test of an oath script
Carlsson, Frederik; Kataria, Mitesh; Krupnick, Alan; … - 2010
Hypothetical bias is one of the main issues bedeviling the field of nonmarket valuation. The general criticism is that …
Persistent link: https://www.econbiz.de/10010286476
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The Copula Approach to Sample Selection Modelling: An Application to the Recreational Value of Forests
Strazzera, Elisabetta; Genius, Margarita - 2004
The sample selection model is based upon a bivariate or a multivariate structure, and distributional assumptions are in this context more severe than in univariate settings, due to the limited availability of tractable multivariate distributions. While the standard FIML estimation of the...
Persistent link: https://www.econbiz.de/10011324951
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Bias and Efficiency of Single vs Double Bound Models for Contingent Valuation Studies.A Monte Carlo Analysis
Calia, Pinuccia; Strazzera, Elisabetta - 1999
former is easier to implement, while the latter is known to be more efficient. We analyse the bias of the ML estimates …
Persistent link: https://www.econbiz.de/10011608474
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The effect of protest votes on the estimates of willingness to pay for use values of recreational sites
Strazzera, Elisabetta; Genius, Margarita; Scarpa, Riccardo - 2001
Selectivity bias caused by protest responses in Contingent Valuation studies can be detected and corrected by means of … effect of protest responses would cause an upwards bias of the final estimates of WTP. …
Persistent link: https://www.econbiz.de/10011608859
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Detecting Starting Point Bias in Dichotomous-Choice Contingent Valuation Surveys
Veronesi, Marcella; Alberini, Anna; Cooper, Joseph C. - 2005
We examine starting point bias in CV surveys with dichotomous choice payment questions and follow-ups, and double … of WTP in the presence of starting point bias; (2) whether or not these biases depend on the distribution of WTP and on … the bids used; and (3) how well a commonly used diagnostic for starting point bias - a test of the null that bid set …
Persistent link: https://www.econbiz.de/10010312398
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A Meta-Analysis of the Willingness to Pay for Reductions in Pesticide Risk Exposure
Travisi, Chiara M.; Nijkamp, Peter; Florax, Raymond J. G. M. - 2004
The use of environmental policy instruments such as eco-labelling and pesticide taxes should preferably be based on disaggregate estimates of the individuals' willingness to pay (WTP) for pesticide risk reductions. We review the empirical valuation literature dealing with pesticide risk exposure...
Persistent link: https://www.econbiz.de/10011324976
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Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study
Alberini, Anna; Hunt, Alistair; Markandya, Anil - 2004
Valuing a change in the risk of death is a key input into the calculation of the benefits of environmental policies that save lives. Typically such risks are monetized using the Value of a Statistical Life (VSL). Because the majority of the lives saved by environmental policies are those of...
Persistent link: https://www.econbiz.de/10011324986
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The Economics of Warm Glow: A Note on Consumer's Behavior and Public Policy Implications
Nunes, Paulo A.L.D.; Onofri, Laura - 2004
The paper focuses on the ongoing debate on non-market valuation, including the valuation environmental goods, and the opportunity to use contingent valuation for policy guidance. In fact, contingent valuation critics argue that reported willingness to pay answers do not reflect real economic...
Persistent link: https://www.econbiz.de/10011324992
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Willingness to Pay for Individual Greenhouse Gas Emissions Reductions: Evidence from a Large Field Experiment
Diederich, Johannes; Goeschl, Timo - 2011
In the climate policy debate, a rhetoric has evolved that attributes a high potential to "voluntary climate action". We turn to the population of Germany, the fourth largest cumulative GHG emitter, to obtain an Internet-)representative estimate of the individual willingness to abate one ton of...
Persistent link: https://www.econbiz.de/10011422225
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Willingness to Accept, Willingness to Pay, and Loss Aversion
Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2023
We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We replicate the standard finding of an endowment effect–the divergence between Willingness to Accept (WTA) and Willingness to Pay (WTP), but document three new findings. First, we...
Persistent link: https://www.econbiz.de/10014290110