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Titolo:
Can hypothetical questions reveal true values? A laboratory comparison of dichotomous choice and open-ended contingent values with auction values
Autore:
Balistreri, E; McClelland, G; Poe, G; Schulze, W;
Indirizzi:
Charles River Associates Inc, Washington, DC USA Charles River Associates Inc Washington DC USA s Inc, Washington, DC USA Univ Colorado, Dept Psychol, Boulder, CO 80309 USA Univ Colorado Boulder CO USA 80309 o, Dept Psychol, Boulder, CO 80309 USA Cornell Univ, Dept Agr Resource & Managerial Econ, Ithaca, NY 14853 USA Cornell Univ Ithaca NY USA 14853 & Managerial Econ, Ithaca, NY 14853 USA
Titolo Testata:
ENVIRONMENTAL & RESOURCE ECONOMICS
fascicolo: 3, volume: 18, anno: 2001,
pagine: 275 - 292
SICI:
0924-6460(200103)18:3<275:CHQRTV>2.0.ZU;2-6
Fonte:
ISI
Lingua:
ENG
Soggetto:
DISCRETE RESPONSE DATA; WILLINGNESS-TO-PAY; WELFARE EVALUATIONS; VALUATION; ENGLISH; REWARDS; DESIGN;
Keywords:
contingent valuation; elicitation methods; validity; experimental economics; OEQ (open-ended questions); DCQ (dichotomous choice questions); WTP (willingness to pay);
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
30
Recensione:
Indirizzi per estratti:
Indirizzo: Balistreri, E Charles River Associates Inc, Washington, DC USA Charles River Associates Inc Washington DC USA ton, DC USA
Citazione:
E. Balistreri et al., "Can hypothetical questions reveal true values? A laboratory comparison of dichotomous choice and open-ended contingent values with auction values", ENVIRON R E, 18(3), 2001, pp. 275-292

Abstract

Can hypothetical questions reveal true values ? An examination of the laboratory experimental literature examining contingent valuation (CV) lends some support for using open-ended hypothetical willingness to pay questions. However, experimental studies examining dichotomous choice have found that hypothetical answers overstate demand. Consistent with the experimental literature, published CV studies comparing open-ended to dichotomous choice questions have shown that values from the dichotomous choice method equal or exceed those of the open-ended method in every case. This paper presents a series of experiments employing more than 800 subjects to test this hypothesis for CV and compares the CV results to actual auction values in a singlecontrolled experimental environment.

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Documento generato il 11/07/20 alle ore 07:21:59