Showing 1 - 10 of 28
In this article, we propose a unified framework that accomodates many of the existing models for dichotomous choice contingent valuation with follow-up and allows to discriminate between them by simple parametric tests of hypothese. Our empirical results show that the Range model, developped in...
Persistent link: https://www.econbiz.de/10010750907
In this article, we propose a unified framework that accomodates many of the existing models for dichotomous choice contingent valuation with follow-up and allows to discriminate between them by simple parametric tests of hypothese. Our empirical results show that the Range model, developped in...
Persistent link: https://www.econbiz.de/10008679980
This paper establishes a new method for eliciting Willingness to Pay (WTP) in contingent valuation (CV) studies with an open-ended elicitation format: the Range-WTP method. In contrast to the traditional approach for eliciting Point-WTP, Range-WTP explicitly allows for preference uncertainty in...
Persistent link: https://www.econbiz.de/10010427242
This paper establishes a new method for eliciting Willingness to Pay (WTP) in contingent valuation (CV) studies with an open-ended elicitation format: the Range-WTP method. In contrast to the traditional approach for eliciting Point-WTP, Range-WTP explicitly allows for preference uncertainty in...
Persistent link: https://www.econbiz.de/10010429788
This thesis deals with valuation of nonmarket goods using contingent valuation and consists of four papers and an introduction to the research area. Paper [I] examines the public benefits from preserving old-growth forest in the submountainous region in Sweden. Specifically, it analyzes a...
Persistent link: https://www.econbiz.de/10005207270
The numerical certainty scale (NCS) and polychotomous choice (PC) methods are two widely used techniques for measuring preference uncertainty in contingent valuation (CV) studies. The NCS follows a numerical scale and the PC is based on a verbal scale. This report presents results of two...
Persistent link: https://www.econbiz.de/10008693276
In this paper we investigate the issue of respondent uncertainty in contingent valuation studies while estimating the willingness to pay for a whale conservation program o¤ the coasts of Newfoundland and Labrador. We use data from a phone survey administered to a sample (N=614) of adult...
Persistent link: https://www.econbiz.de/10008633356
In this paper we explore the idea that people only know the value they place on a given environmental change as a range, rather than as a singleton. We use the payment ladder design of contingent valuation, and take as a case study the value of coastal water quality improvements in Scotland....
Persistent link: https://www.econbiz.de/10005811766
The sources of preference uncertainty in contingent valuation (CV) studies have rarely been investigated from a theoretical standpoint. This paper proposes a holistic theoretical framework of preference uncertainty that combines microeconomic theory with the theories of cognitive psychology....
Persistent link: https://www.econbiz.de/10005070209
In this paper we analyze the multiple-bounded (MB) format in which uncertainty is directly incorporated into the WTP question. We introduce a new approach to estimate mean and median willingness to pay (WTP) using MB data by allowing respondents to expand their WTP intervals by shifting their...
Persistent link: https://www.econbiz.de/10005651972