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Yea-Saying in Contingent Valuation Surveys

Blamey, Russell; Bennett, Jeff W; Morrison, Mark

Description

A number of recent papers have provided estimates of willingness to pay derived in contingent valuation surveys exceeding those revealed in experimental or real-life markets. One possible explanation for the overestimation of values is the presence of yea-saying. With the objective of reducing the occurrence of yea-saying, a new elicitation format, referred to as the dissonance-minimizing (DM) format, is proposed. An empirical comparison of the DM format with the conventional dichotomous-choice...[Show more]

dc.contributor.authorBlamey, Russell
dc.contributor.authorBennett, Jeff W
dc.contributor.authorMorrison, Mark
dc.date.accessioned2015-12-13T23:41:21Z
dc.date.available2015-12-13T23:41:21Z
dc.identifier.issn0023-7639
dc.identifier.urihttp://hdl.handle.net/1885/94860
dc.description.abstractA number of recent papers have provided estimates of willingness to pay derived in contingent valuation surveys exceeding those revealed in experimental or real-life markets. One possible explanation for the overestimation of values is the presence of yea-saying. With the objective of reducing the occurrence of yea-saying, a new elicitation format, referred to as the dissonance-minimizing (DM) format, is proposed. An empirical comparison of the DM format with the conventional dichotomous-choice (DC) format and the ambivalence-reducing polychotomous choice (PC) format suggested by Ready, Whitehead, and Blomquist (1995) is made. Results are encouraging for the DM.
dc.publisherUniversity of Wisconsin
dc.sourceLand Economics
dc.subjectKeywords: contingent valuation; environmental economics; methodology
dc.titleYea-Saying in Contingent Valuation Surveys
dc.typeJournal article
local.description.notesImported from ARIES
local.description.refereedYes
local.identifier.citationvolume75
dc.date.issued1999
local.identifier.absfor140201 - Agricultural Economics
local.identifier.ariespublicationMigratedxPub24565
local.type.statusPublished Version
local.contributor.affiliationBlamey, Russell, College of Arts and Social Sciences, ANU
local.contributor.affiliationBennett, Jeff W, University of New South Wales
local.contributor.affiliationMorrison, Mark, Charles Sturt University
local.bibliographicCitation.startpage126
local.bibliographicCitation.lastpage141
dc.date.updated2015-12-12T09:32:10Z
local.identifier.scopusID2-s2.0-0032794644
CollectionsANU Research Publications

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