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Differences In Contingent Valuation Estimates From Referendum And Checklist Questions

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  • Jordan, Jeffrey L.
  • Elnagheeb, Abdelmoneim H.

Abstract

This article compares willingness-to-pay (WTP) estimates from an actual survey using a checklist question regarding WTP for groundwater quality improvements to WTP estimates that would have been obtained had a single-bounded referendum (SBR) or a double-bounded referendum (DBR) question been asked. Results indicate differences among estimates from the three types of question formats. There was a loss of statistical efficiency of parameter and WTP estimates when moving from the checklist and DBR formats to the SBR format. WTP estimates from the SBR question were more sensitive to sample size and model specification than the others.

Suggested Citation

  • Jordan, Jeffrey L. & Elnagheeb, Abdelmoneim H., 1994. "Differences In Contingent Valuation Estimates From Referendum And Checklist Questions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(1), pages 1-14, July.
    • Handle: RePEc:ags:jlaare:31224
    DOI: 10.22004/ag.econ.31224
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    File URL: https://ageconsearch.umn.edu/record/31224/files/19010115.pdf
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    References listed on IDEAS

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    1. Cameron, Trudy Ann & James, Michelle D, 1987. "Efficient Estimation Methods for "Closed-ended' Contingent Valuation Surveys," The Review of Economics and Statistics, MIT Press, vol. 69(2), pages 269-276, May.
    2. Michael Hanemann & John Loomis & Barbara Kanninen, 1991. "Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1255-1263.
    3. T.A. Cameron & D.D. Huppert, 1988. ""Referendum" Contingent Valuation Estimates: Sensitivity to the Assignment of Offered Values," UCLA Economics Working Papers 519, UCLA Department of Economics.
    4. Bishop, Richard C. & Heberlein, Thomas A., 1979. "Measuring Values Of Extramarket Goods: Are Indirect Measures Biased?," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 277818, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    1. Hatch, L. Upton & Hanson, Terrill R., 2001. "Change And Conflict In Land And Water Use: Resource Valuation In Conflict Resolution Among Competing Users," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(3), pages 1-10, August.
    2. Veeman, Michele M. & Adamowicz, Wiktor L., 2000. "Consumer'S Perceptions Of Environmental Risks And The Demand For Food Safety," Project Report Series 24040, University of Alberta, Department of Resource Economics and Environmental Sociology.

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