The paper explores the merit of the willingness-to-pay (WTP) method as a way to elicit public preferences regarding health care priorities. The aim is to test the extent to which the implicit ranking inferred from the ordinal differences in WTP-values corresponds with respondents' explicit ranking of the same programmes. This issue of convergent validity is explored by face-to-face interviewing...

We offer an empirical test of a theoretical result in the contingent valuation literature. Specifically, it has been argued from a theoretical point of view that survey participants who perceive a survey to be “consequential” will respond to questions truthfully regardless of the degree of perceived consequentiality. Using survey data from the Iowa Lakes Project, we test this supposition. Speci...

A distinction is drawn between opportunity cost and willingness-to-pay (WTP) valuations of the environment and the latter are shown to be appropriate only in situations where no agreed environmental standards exist. WTP measures of environmental effects form the basis of the Pigovian model of externalities. This model is applicable where individuals directly perceive environmental effects as nu...

This paper reports a contingent valuation study on household kitchen waste separation (HKWS) services via willingness to pay (WTP) conducted in the Haidian and Dongcheng districts of Beijing city in 2013. This study focuses on a real program to understand households’ attitudes toward HKWS and to estimate the value of HKWS services. The results of this study revealed that 41.4% agreed to accept ...

Protest bids are often excluded during analysis of contingent valuation method data. It is suggested that this procedure might introduce significant bias. Protest bids are often registered by respondents who may actually place a higheror lower-than-average value on the commodity in question but refuse to pay on the basis of ethical or other reasons, Exclusion of protest bids may therefore bias ...

This study addresses the question of willingness to pay (WTP) for hormone replacement therapy (HRT) in order to alleviate menopausal symptoms. The woman obtains utility from consumption of goods and health. The purchase of a treatment is represented as a shift in the health production function during the treatment period. The mean WTP for the HRT is estimated using a parametric and a non-parame...

Academic inventors tend to lack the ability of valuing technologies in their areas. We apply classification tree analysis to discover different perspectives of Willingness to Pay (WTP) and Sell (WTS) of academic inventors when valuing their patents and technologies. Predictor factors considered are development environment, technology characteristics, ownership and patenting policy, and technolo...

Meta-analysis is increasingly utilised in the understanding of consumer behaviour, including in relation to farm animal welfare. However, the issue of publication bias has received little attention. As willingness-to-pay (WTP) is widely used in policy, it is important to explore publication bias. This research aimed to evaluate publication bias in WTP, specifically public WTP for farm animal we...

Forests and rangelands are the most important natural ecosystems which provide many economic benefits to the society due to their biodiversity and ecological functionalities. Dashtenaz wildlife refuge, Sari, is a sylvan region, covering 55 ha of rangeland with abundant diversity, is refuge of an endangered species of deer called Dama mesopotamica. In this study, Contingent Valuation Method (CVM...