Does Contingent Valuation Measure Preferences? Experimental Evidence

Diamond, Peter A.; Hausman, Jerry A.; Leonard, Gregory K.; Denning, Mike A.

doi:10.1016/b978-0-444-81469-2.50008-0

Cited by 90 publications

(72 citation statements)

References 12 publications

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“…While some studies have demonstrated scope sensitivity (e.g., Carson and Mitchell, 1993;Smith and Osborne, 1996;Carson, 1997;Smith, Zhang and Palmquist, 1999), others have not (e.g., Diamond et al 1993;Boyle et al, 1994;Schkade and Payne, 1994;Beattie et al, 1998;Hammitt and Graham, 1999), while still others show that it is possible to observe scope sensitivity and scope insensitivity within the same study (Loomis, Lockwood and DeLacey, 1993;Rollins and Lyke, 1998;Schulze et al, 1998;Giraud, Loomis and Johnson, 1999;Bateman et al, 2004;Heberlein et al, 2005 3 ). This variety of findings has given ample support to both supporters and critics of CV.…”

Section: Consistency Versus Construction: the Scope Sensitivity Testmentioning

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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Section: Consistency Versus Construction: the Scope Sensitivity Testmentioning

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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“…Note that this finding should not come as a surprise given the relatively small number of bananas offered in our experiment. Further to this, it is relevant to show how our result counters the Diamond et al (1993Diamond et al ( , 1994 critique according to which WTP analysis does not pass the adding-up test due to the embedding effect -i.e. that willingness-to-pay is the same whether one or several items are valued.…”

Section: Resultsmentioning

confidence: 99%

Eliciting environmental preferences of Ghanaians in the laboratory: an incentive-compatible experiment

Meroz

Morone²,

Morone³

2011

IJESD

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ABSTRACT:In this paper we aim to look into the attributes of Ghanaians' willingness-to-pay for green products. This would help us to assess whether Ghanaians show a preference towards environmental goods. The methodology employed to address these issues is an 'experimentally-adapted' CV survey which involves laboratory experiment conducted among Ghanaian University students. Notwithstanding the limitations arising from the sample used in our experiment (most notably University students do not represent, economically wise, the entire Ghanaian population), we believe that our investigation provides a first answer to such question as Ghanaians consistently show that they are willing to pay an extra premium for green products. JEL codes: C9; Q5

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“…6 The discussion whether contingent valuation is a valid tool in general is not addressed here. For the criticism on the application of CV in both developing and developed countries see Diamond and Hausman (1994); Diamond et al (1993) and Carson et al (2001). extremely difficult and problematic task to accomplish in such a context.…”

Section: Environment Contingent Valuation and Developing Countriesmentioning

confidence: 99%

Eliciting Environmental Preferences of Ghanaians: An Experimental Approach

Meroz

Morone

2007

SSRN Journal

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In this paper we aim -through an 'experimentally-adapted' Contingent Valuation surveyto look into the attributes of Ghanaians' willingness-to-pay for green products. This would help us addressing two main issues: first, from a theoretical point of view, we shall assess whether Ghanaians show a preference towards environmental goods -hence, countering the 'too poor to be green' argument. Secondly, from a methodological point of view, we shall try to see if the incentive compatible CV analysis provides a good measurement of subjects' willingness-to-pay for environmental premium. Our investigation provides an answer to both issues, showing how using an incentive compatible experiment produces, in the case of Ghana, reliable results and that Ghanaians consistently show that they are willing to pay an extra premium for green products.JEL codes: C9; Q5

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Does Contingent Valuation Measure Preferences? Experimental Evidence

Cited by 90 publications

References 12 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

Eliciting environmental preferences of Ghanaians in the laboratory: an incentive-compatible experiment

Eliciting Environmental Preferences of Ghanaians: An Experimental Approach

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