Bound and path effects in double and triple bounded dichotomous choice contingent valuation

Bateman, Ian J.; Langford, Ian H.; Jones, Andrew; Kerr, Geoffrey N.

doi:10.1016/s0928-7655(00)00044-0

Cited by 195 publications

(106 citation statements)

References 32 publications

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“…Carson et al (1999) argue that, even using DC elicitation formats, the incentive compatibility properties of CV questions break down once more than one good is offered in a given contingent market. Furthermore, psychological factors and other anomalies may influence responses that are made in reference to previous questions and responses (Bateman et al, 2001(Bateman et al, , 2004. Given this, the findings of H o 3 are essentially an open empirical question.…”

Section: Elicitation Methods and Incentive Compatibilitymentioning

confidence: 99%

Consistency and construction in stated WTP for health risk reductions: A novel scope-sensitivity test

Bateman¹,

Brouwer²

2006

Resource and Energy Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte.

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Section: Elicitation Methods and Incentive Compatibilitymentioning

confidence: 99%

Consistency and construction in stated WTP for health risk reductions: A novel scope-sensitivity test

Bateman¹,

Brouwer²

2006

Resource and Energy Economics

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“…Carson et al (1994) also presented that double-bounded dichotomous choice questions yield more information than do single-bounded ones [59]. In the studies of Scarpa and Bateman [56] (2000) and Bateman et al [60] (2001), the inquiry frequency was triple for bidding. Although the triple-bounded dichotomous method increases statistical efficiency, the improvement efficiency is less than 50% compared to that achieved by replacing the single-bounded method by the double-bounded one, or vice versa.…”

Section: Contingent Valuation Methodsmentioning

confidence: 99%

Estimating the Total Economic Value of Cultivated Flower Land in Taiwan

Huang

Wang

2015

Sustainability

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Many arable land areas have been converted to residential or business uses by Taiwan government authorities, because the low farmland value is associated with the low value of agricultural products. However, agriculture is multifunctional. This study investigates farmland value through Total Economic Value (TEV) for Tianwei Township, which is Taiwan's largest floral farmland region. Direct use value measures the floral products' output value and recreational benefit. Recreational benefit from visitors' flower sightseeing was measured by the travel cost method (TCM). Option value and non-use value, including bequest value and existence value, measure the residents' willingness to pay through the double-bounded dichotomous contingent valuation method (CVM). The results show that the total floral products' output is NT$1.441 billion in 2007, recreational benefit is roughly NT$17.757 billion. The intangible value of option value and non-use values are approximately between NT$5 million to 15 million. Therefore, ignoring various values of farmland might lead to an underestimation of farmland value.

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“…A number of studies have dealt with this issue and have concluded that the DB elicitation method is internally inconsistent in that the hypothesis (that the first and second responses in the DB DC experiment are drawn from the same distribution) can be rejected at the 1% level (e.g., Cameron and Quiggin, 1994;McFadden, 1994). Bateman et al (2001) considered a variety of potential causes of such inconsistencies, tested both the effects caused by moving from SB to DB, and suggested that the responses to the second follow-up DB questions should not be used as the basis of valuation exercises.…”

Section: Elicitation Methodsmentioning

confidence: 99%

“…Although each format has both merits and demerits, the SBDC has low statistical efficiency, and the DBDC may manifest a correlation between the responses to the two bids. McFadden (1994), Bateman et al (2001), and Cooper et al (2002) have explicitly dealt with this issue.…”

Section: Elicitation Methodsmentioning

confidence: 99%

The External Benefits of Research and Development Investment in Waste-to-Energy Technology in Korea

Lim¹,

Kim²,

Yoo³

2016

KTIS

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The Korean government considers expanding the WtE share of total energy from 1% to 5% by 2020 through research and development (R&D) in wasteto-energy (WtE) technologies. This study attempts to measure the external benefits of investing in R&D in these technologies. To this end, a contingent valuation (CV) is employed. More specifically, a 2016 national survey of randomly selected 1,000 households was carried out across the nation to gauge the willingness to pay (WTP) for the investment. One-and-one-half-bounded dichotomous choice question was used in the CV survey, and the spike model was applied to dealing with zero WTP responses. The mean yearly WTP is estimated to be KRW 4,175 (USD 3.57) per household, which is statistically significant at the 1% level. Expanding the value to the entire nation translates into an investment of about KRW 79.1 billion (USD 67.6 million), which can be interpreted as the annual external benefit of the R&D investment in WtE technology.

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Bound and path effects in double and triple bounded dichotomous choice contingent valuation

Cited by 195 publications

References 32 publications

Consistency and construction in stated WTP for health risk reductions: A novel scope-sensitivity test

Consistency and construction in stated WTP for health risk reductions: A novel scope-sensitivity test

Estimating the Total Economic Value of Cultivated Flower Land in Taiwan

The External Benefits of Research and Development Investment in Waste-to-Energy Technology in Korea

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