Activities per year
Abstract
This paper tests whether anchoring and inconsistencies in Double-Bounded Dichotomous Choice (DBDC) willingness to pay (WTP) also pertains to willingness-to-accept (WTA) studies. We explore whether these anomalies can be eliminated by two treatments in the design of CVM questions, namely advanced disclosure of multiple goods valued and the double referendum mechanism and exclusive list framing of DBDC valuation questions. We purposefully designed an online questionnaire that elicits respondents’ WTA monetary incentives for behaviour change in outdoor physical activities which refer to travelling to and from places (e.g. walking or cycling), and doing moderately-intensity (e.g. brisk walking) and vigorous-intensity (e.g. running) recreational physical activities. A total of 748 office-based employees from public sector organisations completed the online survey. We found that advanced disclosure resulted in lower WTA estimates when compared to the standard design and incremental exclusive list framing led to even lower WTA. Further, we found that the two treatments combined with a repetitive learning design attenuated conventional SB, DB value inconsistency and anchoring. This WTA study also found considerable evidence of well-formed preferences in the initial valuation of the larger good which followed through in the follow-up valuation of the smaller good and for the two additional treatment valuations
Original language | English |
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Number of pages | 27 |
Publication status | Published - Jun 2017 |
Event | 23rd EAERE Annual Conference 2017 - Athens Greece, Athens, Greece Duration: 28 Jun 2017 → 01 Jul 2017 Conference number: 23rd EAERE Annual Conference http://www.eaere-conferences.org/index.php?p=2 |
Conference
Conference | 23rd EAERE Annual Conference 2017 |
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Abbreviated title | EAERE 2017 |
Country/Territory | Greece |
City | Athens |
Period | 28/06/2017 → 01/07/2017 |
Internet address |
Keywords
- Contingent valuation; Double-bounded dichotomous choice; Advanced
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- General Medicine
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Dive into the research topics of 'Framing learning and preference formation in a double-bounded contingent valuation study of willingness-to-accept payments for behaviour change in outdoor physical activity Jianjun Tang, George Hutchinson, Alberto Longo, Ruth Hunter, Frank Kee Discussant: Ivan Frankovic'. Together they form a unique fingerprint.Activities
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23rd EAERE Annual Conference 2017
Hutchinson, G. (Member of programme committee)
28 Jun 2017 → 01 Jul 2017Activity: Participating in or organising an event types › Participation in conference