Cognitive ability and scale bias in the contingent valuation method
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چکیده
منابع مشابه
Cognitive Ability and Scale Bias in the Contingent Valuation Method An Analysis of Willingness to Pay to Reduce Mortality Risk
This study investigates whether or not the scale bias found in contingent valuation (CVM) studies on mortality risk reductions is a result of cognitive constraints among respondents. Scale bias refers to insensitivity and non near-proportionality of the respondents’ willingness to pay (WTP) to the size of the risk reduction. Two hundred Swedish students participated in an experiment where their...
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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. Previous researches have been conducted in order to control for such an effect. However, they find that ...
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ژورنال
عنوان ژورنال: Environmental and Resource Economics
سال: 2007
ISSN: 0924-6460,1573-1502
DOI: 10.1007/s10640-007-9137-0