Sequence Effects in the Valuation of Multiple Environmental Programs Using the Contingent Valuation Method

Alberto Longo, David Hoyos, Anil Markandya

Research output: Contribution to journalArticle

12 Citations (Scopus)

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 languageEnglish
Pages (from-to)20-35
Number of pages16
JournalLand Economics
Volume91
Issue number1
Publication statusPublished - 01 Feb 2015

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