Blumenschein, Karen; Johannesson, Magnus; Blomquist, … - In: Southern Economic Journal 65 (1998) 1, pp. 169-177
Use of the contingent valuation method is controversial among economists because it is based on hypothetical rather than real choices. Previous experiments have suggested that the commonly used dichotomous choice contingent valuation method leads to hypothetical bias, i.e., overestimates the...