WTA estimates using the method of paired comparison: Tests of robutness

Environmental and Resource Economics

Volumn 12, Issue 3, 1998, Pages 375-386

  Champ, Patricia A ^a   Loomis, John B ^b  

^a USDA FOREST SERVICE   (United States)

^b Department of Ecosystem Science and Sustainability   (United States)

Author keywords

Context effect; Public goods experiment; Scope test; Stated preferences; Willingness to accept

Indexed keywords

ECONOMIC AND SOCIAL EFFECTS; RESOURCE VALUATION; STATISTICAL TESTS;

PAIRED COMPARISON; PUBLIC GOODS EXPERIMENT; STATED PREFERENCES; WILLINGNESS TO ACCEPT (WTA);

ENVIRONMENTAL ENGINEERING;

EID: 0032193336     PISSN: 09246460     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1008265128762     Document Type: Article

References (21)

1. Bromley, D. W. (1995), 'Property Rights and Natural Resource Damage Assessments', Ecological Economics 14, 129-135.
2. Brown, T. C. and T. C. Daniel (1987), 'Context Effects in Perceived Environmental Quality Assessment: Scene Selection and Landscape Quality Ratings', Journal of Environmental Psychology 7, 233-250.
3. Carson, R. T. (1995), 'Contingent Valuation Surveys and Tests of Insensitivity to Scope', Unpublished Manuscript, Department of Economics, University of California, San Diego.
4. Carson, R. T., N. E. Flores, K. M. Martin and J. L. Wright (1996), 'Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods', Land Economics 71, 80-99.
5. David, H. A. (1988), The Method of Paired Comparisons, Charles Griffin & Company, London.
6. Desvousges, W.H., F. R. Johnson, R. W. Dunford, K. J. Boyle, S. P. Hudson and K. N. Wilson (1992), Measuring Natural Resource Damages with Contingent Valuation: Tests of Validity and Reliability, in Contingent Valuation: A Critical Assessment, Cambridge Economics, Inc.
7. Fechner, G. T. (1860), Elemente der Psychophysik, Breitkopf and Härtel, Leipzig.
8. Franciosi, R., P. Kajual, R. Michelitsch and R. Smith (1993), 'Experimental Tests of the Endowment Effect', unpublished manuscript.
9. Hoehn, J. P. and J. B. Loomis (1993), 'Substitution Effects in the Valuations of Multiple Environmental Programs', Journal of Environmental Economics and Management 25, 56-75.
10. Kahneman, D. and J. Knetsch (1992), 'Valuing Public Goods: The Purchase of Moral Satisfaction', Journal of Environmental Economics and Management 22, 57-70.
11. Kahneman, D., J. L. Knetsch and R. H. Thaler (1990), 'Experimental Tests of the Endowment Effect and the Coase Theorem', Journal of Political Economy 98, 1325-1347.
12. Loomis, J., G. L. Peterson, T. C. Brown, P. Champ and B. Lucero (1996), 'Estimating WTA Using the Method of Paired Comparison and its Relationship to WTP Estimated using Dichotomous CVM', Proceedings 1996 W-133 Regional Research Meeting.
13. Magat, W. A., W. K. Viscusi and J. Huber (1988), 'Paired Comparison and Contingent Valuation Approaches to Morbidity Risk Valuation', Journal of Environmental Economics and Management 15, 395-411.
14. National Oceanic and Atmospheric Administration, U.S. Department of Commerce (1993), Natural Resource Damage Assessments under the Oil Pollution Act of 1990. Federal Register 58, 4601-4614.
15. Parducci, A. (1968), 'The Relativism of Absolute Judgments', Scientific American 219, 84-90.
16. Peterson, G. L. and T. C. Brown (1997), Economic Valuation by the Method of Paired Comparison with Emphasis on Tests of the Transitivity Axiom, Rocky Mountain Experiment Station Working Paper No. 97-2.
17. Peterson, G. L., T. C. Brown, D. W. McCollum, P. A. Bell, A. A. Birjulin and A. Clarke (1996), 'Moral Responsibility Effects in Valuation of WTA for Public and Private Goods by the Method of Paired Comparison',in W. L. Adamowicz, P.C. Boxall, M.K. Luckert, W.E. Phillips, and W. A. White eds., Forestry, Economics and the Environment, CAB International, UK.
18. Randall, A. and J. P. Hoehn (1992) 'Embedding Effects in Contingent Valuation: Implications for Natural Resource Damage Assessment', Staff paper 92-14, Department of Agricultural Economics, Michigan State University.
19. Randall, A., J. P. Hoehn and G. S. Tolley (1981) 'The Structure of Contingent Markets: Some Results of a Recent Experiment', Paper presented at the annual meeting of the American Economic Association, Washington, DC.
20. SPSS Exact Tests 7.0 for Windows (1996). Chicago, IL.
21. Thurston, L. L. (1927) 'A Law of Comparative Judgment', Psychological Review 34, 273-286.