Household versus individual valuation: What's the difference?

Bateman, IJ and Munro, A (2009) Household versus individual valuation: What's the difference? Environmental and Resource Economics, 43 (1). pp. 119-135.

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Abstract

Standard practice in stated preference typically blurs the distinction between household and individual responses, but without a clear theoretical or empirical justification for this approach. To date there have been no empirical tests of whether values for say a two adult household elicited by interviewing one randomly selected adult are the same as the values generated by interviewing both adults simultaneously. Using cohabiting couples, we conduct a choice experiment field study valuing reductions in dietary health risks. In one treatment a random individual is chosen from the couple and interviewed alone; in the other treatment, both partners are questioned jointly. We find significant differences in household values calculated from joint as opposed to individual responses, with further variation between the values elicited from men and women. Our results question the assumption, implicit in common practice, that differences between individually and jointly elicited estimates of household values can effectively be ignored.

Item Type: Article
Faculty \ School: Faculty of Science > School of Environmental Sciences
Related URLs:
Depositing User: Rosie Cullington
Date Deposited: 22 Feb 2011 15:18
Last Modified: 17 Mar 2020 15:37
URI: https://ueaeprints.uea.ac.uk/id/eprint/24426
DOI: 10.1007/s10640-009-9268-6

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