Abstract
In contingent valuation, the willingness to pay for hypothetical programs may be affected by the order in which programs are presented to respondents. With inclusive lists, economic theory suggests that sequence effects should be expected. However, when policy makers allocate public budgets to several environmental programs, they may be interested in assessing the value of the programs without the valuations being affected by the order in which the programs are presented. Using single-bounded dichotomous choice contingent valuation questions, we show that if respondents have the possibility to revise their willingness-to-pay answers, sequence effects are mitigated. (JEL Q51, Q54)
Original language | English |
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Pages (from-to) | 20-35 |
Number of pages | 16 |
Journal | Land Economics |
Volume | 91 |
Issue number | 1 |
Publication status | Published - 01 Feb 2015 |
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Alberto Longo
- School of Biological Sciences - Interim Deputy Head of School
- Institute for Global Food Security
- Research Centre in Sustainable Energy
Person: Academic