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

Review of Economics and Statistics

Volumn 91, Issue 4, 2009, Pages 806-820

  Bateman, Ian J ^a   Day, Brett H ^a   Dupont, Diane P ^b   Georgiou, Stavros ^c  

^a UNIVERSITY OF EAST ANGLIA   (United Kingdom)

^b BROCK UNIVERSITY   (Canada)

^c HEALTH AND SAFETY EXECUTIVE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 76649114347     PISSN: 00346535     EISSN: 15309142     Source Type: Journal    
DOI: 10.1162/rest.91.4.806     Document Type: Article

References (61)

1. Aadland, David, and Arthur J. Caplan, "Incentive Incompatibility and Starting-Point Bias in Iterative Valuation Questions: Comment," Land Economics 80 (2004), 312-315.
2. Alberini, Anna, Barbara Kanninen, and Richard T. Carson, "Modeling Response Incentive Effects in Dichotomous Choice Contingent Valuation Data," Land Economics 73:3 (1997), 309-324.
3. Arrow, Kenneth, Robert Solow, Paul R. Portney, Edward E. Leamer, Roy Radner, and Howard Schuman, "Report of the NOAA Panel on Contingent Valuation," Federal Register 58:10 (1993), 4601-4614.
4. Barreiro, Jesus, Mercedes Sánchez, and Monserrat Viladrich-Grau, "How Much Are People Willing to Pay for Silence? A Contingent Valuation Study," Applied Economics 37:11 (2005), 1233-1246
5. Bateman, Ian J., Richard T. Carson, Brett H. Day, W. Michael Hanemann, Nick Hanley, Tannis Hett, Michael Jones-Lee, et al., Economic Valuation with Stated Preference Techniques: A Manual (Northampton, MA: Edward Elgar, 2002).
6. Bateman, Ian J., Matthew Cole, Stavros Georgiou, and David Hadley, "Comparing Contingent Valuation and Contingent Ranking: A Case Study Considering the Benefits of Urban River Water Quality Improvements," Journal of Environmental Management 79:3 (2006), 221-231.
7. Bateman, Ian J., Daniel Kahneman, Alistair Munro, Chris Starmer, and Robert Sugden, "Testing Competing Models of Loss Aversion: An Adversarial Collaboration," Journal of Public Economics 89:8 (2005), 1561-1580.
8. Bateman, Ian J., Ian H. Langford, Andrew P. Jones, and Geoffrey N. Kerr, "Bound and Path Effects in Double and Triple Bounded Dichotomous Choice Contingent Valuation," Resource and Energy Economics 23:3 (2001), 191-213.
9. Bateman, Ian J., Ian H. Langford, R. Kerry Turner, Ken G. Willis, and Guy D. Garrod, "Elicitation and Truncation Effects in Contingent Valuation Studies," Ecological Economics 12:2 (1995), 161-179.
10. Bateman, Ian J., Alistair Munro, Bruce Rhodes, Chris Starmer, and Robert Sugden, "A Test of the Theory of Reference-Dependent Preferences," Quarterly Journal of Economics 112:2 (1997), 479-505.
11. Boman, Mattias, Goran Bostedt, and Bengt Kriström, "Obtaining Welfare Bounds in Discrete-Response Valuation Studies: A Nonparametric Approach," Land Economics 75:2 (1999), 284-294
12. Bradford, W. David, James Zoller, and Gerard A. Silvestri, "Estimating the Effect of Individual Time Preferences on the Demand for Preventative Health Care," CHEPS working paper no. 007-04 (2004).
13. Cameron, Trudy Ann, and Jeffrey Englin, "Respondent Experience and Contingent Valuation of Environmental Goods," Journal of Environmental Economics and Management 33 (1997), 296-313
14. Cameron, Trudy Ann, and John Quiggin, "Estimation Using Contingent Valuation Data from a Dichotomous Choice with Follow-Up Questionnaire," Journal of Environmental Economics and Management 27:3 (1994), 218-234
15. Carson, Richard T., Contingent Valuation: A Comprehensive Bibliography and History (Northampton, MA: Edward Elgar, 2007).
16. Carson, Richard T., and Theodore Groves, "Incentive and Informational Properties of Preference Questions," Environmental and Resource Economics 37:1 (2007), 181-210.
17. Carson, Richard T., and Robert C. Mitchell, "The Value of Clean Water: The Public's Willingness to Pay for Boatable, Fishable and Swimmable Quality Water," Water Resources Research 29:7 (1993), 2445-2454.
18. Carson, Richard T., Robert C. Mitchell, W. Michael Hanemann, Ray J. Kopp, Stanley Presser, and Paul A. Ruud, "Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill," Environmental and Resource Economics 25:3 (2003), 257-286.
19. Ciriacy Wantrup, Siegfried V., "Capital Returns from Soil-Conservation Practices," Journal of Farm Economics 29 (1947), 1181-1196.
20. Ciriacy Wantrup, Siegfried V., Resource Conservation Economics and Policies (Berkeley: University of California Press, 1952).
21. Cooper, Joseph, "Optimal Bid Selection for Dichotomous Choice Contingent Valuation Surveys," Journal of Environmental Economics and Management 24:1 (1993), 25-40
22. Cooper, Joseph, W. Michael Hanemann, and Giovanni Signorello, "One-and-One-Half-Bound Dichotomous Choice Contingent Valuation," this REVIEW 84:4 (2002), 742-750.
23. Cummings, Ronald G., David S. Brookshire, and William D. Schulze (Eds.), Valuing Environmental Goods: A State of the Arts Assessment of the Contingent Method (Totowa, N.J.: Rowman and Allenheld, 1986).
24. Day, Brett, and Susanna Mourato, "Willingness to Pay for Water Quality Maintenance in Chinese Rivers," CSERGE working paper no. WM 98-02 (1998).
25. DeShazo, Jay R., "Designing Transactions without Framing Effects in Iterative Question Formats," Journal of Environmental Economics and Management 43:3 (2002), 360-385.
26. Desvousges, William H., V. Kerry Smith, and Ann Fisher, "Option Price Estimates for Water Quality Improvements: A Contingent Valuation Study of the Monongahela River," Journal of Environmental Economics and Management 14:3 (1987), 248-267.
27. Eisen-Hecht, Johnathan I., and Randall A. Kramer, "A Cost-Benefit Analysis of Water Quality Protection in the Catawba Basin," Journal of the American Water Resources Association 38:2 (2002), 453-465.
28. Fernandez Carmen, Carmelo J. Leon, Mark F. J. Steel, and Francisco J. Vazquez-Polo, "Bayesian Analysis of Interval Data Contingent Valuation Models and Pricing Policies," Journal of Business and Economic Statistics 22:4 (2004), 431-442.
29. Flores, Nicholas E., and Aaron Strong, "Cost Credibility and the Stated Preference Analysis of Public Goods," Resource and Energy Economics 29 (2007), 195-205.
30. Georgiou, Stavros, Ian J. Bateman, Ian H. Langford, and Rosemary J. Day, "Coastal Bathing Water Health Risks: Assessing the Adequacy of Proposals to Amend the 1976 EC Directive," Risk, Decision and Policy 5 (2000), 49-68.
31. Georgiou, Stavros, Ian H. Langford, Ian J. Bateman, and R. Kerry Turner, "Determinants of Individuals' Willingness to Pay for Perceived Reductions in Environmental Health Risks: A Case Study of Bathing Quality," Environment and Planning A 30:4 (1998), 577-594.
32. Gibbard, Allan, "Manipulation of Voting Schemes: A General Result," Econometrica 41:4 (1973), 587-601
33. Hanemann, W. Michael, John Loomis, and Barbara Kanninen, "Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation," American Journal of Agricultural Economics 73:4 (1991), 1255-1263.
34. Herriges, Joseph, and Jay Shogren, "Starting Point Bias in Dichotomous Choice Valuation with Follow-Up Questioning," Journal of Environmental Economics and Management 30:1 (1996), 112-131
35. Hu, Wuyang, Funing Zhong, and Yulian Ding, "Actual Media Reports on GM Foods and Chinese Consumers' Willingness to Pay for GM Soybean Oil," Journal of Agricultural and Resource Economics 31:2 (2006), 376-390
36. Kahneman, D., and A. Tversky, "Prospect Theory: An Analysis of Decisions under Risk," Econometrica 47 (1979), 263-291.
37. Kerr, John M., John L. Pender, and Suyanto, "Property Rights, Environmental Services and Poverty in Indonesia," Michigan State University mimeograph (2004).
38. Langford, Ian H., Ian J. Bateman, and Hugh D. Langford, "A Multilevel Modelling Approach to Triple-Bounded Dichotomous Choice Contingent Valuation," Environmental and Resource Economics 7:3 (1996), 197-211.
39. Le Goffe, Ph., "The Benefits of Improvements in Coastal Water Quality: A Contingent Approach," Journal of Environmental Management 45 (1995), 305-317.
40. Li, Chuan-Zhong, and Leif Mattsson: An Improved Structural Model for Contingent Valuation," Journal of Environmental Economics and Management 28 (1995), 256-269
41. Loomis, John, and Earl Ekstrand, "Alternative Approaches for Incorporating Respondent Uncertainty When Estimating Willingness to Pay: The Case of the Mexican Spotted Owl," Ecological Economics 27 (1998), 29-41
42. McLeod, Donald, and Olvar Bergland, "Willingness-to-Pay Estimates Using the Double-Bounded Dichotomous-Choice Contingent Valuation Format: A Test for Validity and Precision in a Bayesian Framework," Land Economics 75 (1999), 115-125
43. McFadden, Daniel, "Contingent Valuation and Social Choice," American Journal of Agricultural Economics 76:4 (1994), 689-708
44. Mitchell, Robert C., and Richard T. Carson, Using Surveys to Value Public Good: The Contingent Valuation Method (Washington, DC: Resources for the Future, 1989).
45. Nayga, Rodolfo M., Richard Woodward, and Wipon Aiew, "Willingness to Pay for Reduced Risk of Foodborne Illness: A Nonhypothetical Field Experiment," Canadian Journal of Agricultural Economics 54:4 (2006), 461-475.
46. National Center for Environmental Economics and National Center for Environmental Research, "Stated Preference: What Do We Know? Where Do We Go?" In Proceedings from a Workshop Sponsored by the US Environmental Protection Agency (Session Four, Panel Discussion), The NOAA Panel and the Seven Year Itch (Washington, DC, 2000)
47. Park, Joo Heon, "A Test of the Answering Mechanisms of the Double- Bounded Contingent Valuation Method," Applied Economics Letters 10 (2003), 975-984
48. Powe, Neil A., Ken G. Willis, and Guy Garrod, "Difficulties in Valuing Street Light Improvement: Trust, Surprise and Bound Effects," Applied Economics 38:4 (2006), 371-381.
49. Ready, Richard, John Whitehead, and Glenn Blomquist, "Contingent Valuation When Respondents Are Ambivalent," Journal of Environmental Economics and Management 29 (1995), 181-197
50. Sanders, Larry D., Richard G. Walsh, and John B. Loomis, "Towards Empirical Estimation of the Total Value of Protecting Rivers," Water Resources Research 26:7 (1990), 1345-1357.
51. Satterthwaite, Mark A., "Strategy-Proofness and Arrow's Conditions: Existence and Correspondence Theorems of Voting Procedures and Social Welfare Functions," Journal of Economic Theory 10:2 (1975), 187-217.
52. Scarpa, Riccardo, "Social and Environmental Benefits of Forestry Phase 2: The Recreation Value of Woodlands," in Report to the UK Forestry Commission (Newcastle, UK: Centre for Research in Environmental Appraisal and Management, University of Newcastle, 2003)
53. Scarpa, Riccardo, and Ian J. Bateman, "Efficiency Gains Afforded by Improved Bid Design Versus Follow-Up Valuation Questions in Discrete Choice CV Studies," Land Economics 76:2 (2000), 299-311.
54. Signorello, Giovanni, and Joseph C. Cooper, "Farmer Premiums for the Voluntary Adoption of Conservation Plans," FEEM working paper no. 27.2002 (2002).
55. Sutton, William R., Douglas M. Larson, and Lovell S. Jarvis, "A New Approach for Assessing the Costs of Living with Wildlife in Developing Countries," DEA Research Discussion paper no. 69 (2004).
56. Tversky, Amos, and Daniel Kahneman, "Judgment under Uncertainty: Heuristics and Biases," Science 185(4157) (1974), 1124-1131
57. Tversky, Amos, and Daniel Kahneman, "Loss Aversion in Riskless Choice: A Reference-Dependent Model," Quarterly Journal of Economics 106:4 (1991), 1039- 1061
58. Tversky, Amos, and Daniel Kahneman, "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty 5:4 (1992), 297-323
59. Wang, Hua, "Treatment of 'Don't-Know' Responses in Contingent Valuation Surveys: A Random Valuation Model," Journal of Environmental Economics and Management 32 (1997), 219-232
60. Whitehead, John, "Incentive Incompatibility and Starting-Point Bias in Iterative Valuation Questions," Land Economics 78 (2002), 285-297
61. Whittington, Dale G., Glenn Cassidy, Deborah Amaral, Elizabeth McClelland, Hua Wang, and Christine Poulos, "The Economic Value of Improving the Environmental Quality of Galveston Bay," University of North Carolina at Chapel Hill and Galveston Bay National Estuary Program mimeograph (1994).