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In this paper, we study starting point bias in double-bounded contingent valuation surveys. This phenomenon arises in applications that use multiple valuation questions. Indeed, response to follow-up valuation questions may be influenced by the bid proposed in the initial valuation question....
Persistent link: https://www.econbiz.de/10005510666
Public economics proposed various models that intend to determine the optimal provision of public goods based on individual preferences. To provide decision makers with empirical recommendations, economists thus need to elicit individual preferences, and more precisely the marginal rate of...
Persistent link: https://www.econbiz.de/10005670962
Respondents of contingent valuation surveys may place a null value on the public good, for reasons that differ from a genuine indifference to the good, but that can be interpreted as a "protest": either against the interview, or the public management, or both. A good survey design can...
Persistent link: https://www.econbiz.de/10011608519
We investigate the reliability of transferring benefit estimates of forest recreation obtained from discrete choice CV data and conditional on forest-specific attributes. The transfer reliability is checked against the forest-specific estimates of mean and median willingness to pay. We report...
Persistent link: https://www.econbiz.de/10011608598
When modelling data generated from a discrete choice contingent valuation question, the treatment of zero bids affects the welfare estimates. Zero bids may come from respondents who are not interested in the provision of the public good; alternatively, some zero-bidders may be protesting about...
Persistent link: https://www.econbiz.de/10011608619
Selectivity bias caused by protest responses in Contingent Valuation studies can be detected and corrected by means of sample selection models. This paper compares two methods: the Heckman 2-steps method and the full ML, applied to data on forest recreation - where WTP is elicited as a...
Persistent link: https://www.econbiz.de/10011608859
This article addresses the important issue of anchoring in contingent valuation surveys that use the double-bounded elicitation format. Anchoring occurs when responses to the follow-up dichotomous choice valuation question are influenced by the bid presented in the initial dichotomous choice...
Persistent link: https://www.econbiz.de/10005560167
This paper focuses on three important issues in estimating the relationship between WTP and income using contingent valuation: 1) the choice of income measure; 2) the modelling choice; and 3) the social context. Addressing the first two issues, a sensitivity analysis is performed. The results show...
Persistent link: https://www.econbiz.de/10005424037
A Benefit Function Transfer obtains estimates of Willingness-to-Pay (WTP) for the evaluation of a given policy at a site by combining existing information from different study sites. This has the advantage that more efficient estimates are obtained, but it relies on the assumption that the...
Persistent link: https://www.econbiz.de/10005230638
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