Procedural invariance testing of the one-and-one-half-bound dichotomous choice elicitation method

Bateman, Ian J., Day, Brett H., Dupont, Diane P. and Georgiou, Stavros (2009) Procedural invariance testing of the one-and-one-half-bound dichotomous choice elicitation method. The Review of Economics and Statistics, 91 (4). pp. 806-820. ISSN 1530-9142

Full text not available from this repository.

Abstract

The contingent valuation method for estimating willingness to pay for public goods typically adopts a single referendum question format, which is relatively statistically inefficient. As an alternative, Cooper, Hanemann, and Signorello (2002) propose the one-and-one-half bound (OOHB) format, allowing researchers to question respondents about both a lower and higher limit on project costs, thereby securing substantial gains in statistical efficiency. Using an experimental design, we find that responses to OOHB valuation questions fail crucial tests of procedural invariance. We test various competing models of observed response patterns including strategic misrepresentation of standard preferences and nonstandard models of preference formation.

Item Type:	Article
Faculty \ School:	Faculty of Science > School of Environmental Sciences
UEA Research Groups:	Faculty of Science > Research Centres > Centre for Social and Economic Research on the Global Environment (CSERGE) Faculty of Science > Research Groups > Resources, Sustainability and Governance (former - to 2018) Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Medicine and Health Sciences > Research Centres > Business and Local Government Data Research Centre (former - to 2023)
Depositing User:	Rachel Snow
Date Deposited:	23 Feb 2011 11:17
Last Modified:	22 Apr 2023 00:38
URI:	https://ueaeprints.uea.ac.uk/id/eprint/24567
DOI:	10.1162/rest.91.4.806

Actions (login required)

View Item