Heterogeneous anchoring in dichotomous choice valuation framework
نویسندگان
چکیده
منابع مشابه
Hypothetical Bias in Dichotomous Choice Contingent Valuation Studies
This paper uses a meta-analysis to explore the relationship between hypothetical bias and the price respondents are asked to pay. For public goods, the results clearly indicate a difference in the price elasticity between hypothetical and actual payment conditions. Since the bias increases for larger dollar amounts, any simple guidelines, such as NOAA’s “divide by two” rule of thumb, could be m...
متن کاملModeling Response Incentive Effects in Dichotomous Choice Contingent Valuation Data
This paper introduces model specifications that can be used to explain response incentive effects that might occur with discrete response contingent valuation data when follow-up responses are collected. The models allowfor possible random response shocks, structural ships in willingness to pay betweenpayment questionsand heteroskedasticity between and within responses. Three well-known conting...
متن کاملOne-and-one-half-bound Dichotomous Choice Contingent Valuation
Although the double-bound (DB) fonnat for the discrete choice contingent valuation method (CVM) has the benefit of higher efficiency in welfare benefit estimates than the single-bound (SB) discrete choice CVM, it has been subject to criticism due to evidence that some of the responses to the second bid may be inconsistent with the responses to the first bid. As a means to reduce the potential f...
متن کاملConstruct Validity of Dichotomous and Polychotomous Choice Contingent Valuation Questions
In this note we conduct construct validity tests for dichotomous choice (DC) and polychotomous choice (PC) contingent valuation questions. Contrary to previous results, we find that DC and PC estimates of willingness to pay are theoretically valid, convergent valid, and similar in terms of statistical precision. Similar to previous results, PC respondents are less sensitive to information than ...
متن کاملWilderness Canoeing in Ontario: Using Cumulative Results to Update Dichotomous Choice Contingent Valuation Offer Amounts
This study used cumulative results to update the distributions from which offer amounts were drawn in a dichotomous choice contingent valuation of user benefits from wilderness canoeing in Ontario’s wilderness parks. An empirical model demonstrates the efficiency gains from using this procedure. Results allow comparison of variation in average daily willingness to pay (WTP) by trip length, indi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Recherches économiques de Louvain
سال: 2007
ISSN: 0770-4518,1782-1495
DOI: 10.3917/rel.734.0369