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The use of multiple actual referenda in a new payment card methodology

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  • Quinton Babcock
  • Kevin J. Egan
  • Daryl F. Dwyer

Abstract

We present the case for the adoption of a new payment card (PC) methodology, which we call multiple referenda payment card, in contingent valuation (CV) surveys. Our new multiple referenda payment card method uses actual referenda, which appeared on a recent ballot that preceded the survey’s distribution. The cost of these actual referenda to taxpayers is used as the range of cost bids in a usual payment card format for a new advisory environmental public good, the restoration of wetlands. The result is a more realistic framework for respondents to consider our advisory referendum. We compare our new multiple referenda payment card method to a dichotomous choice referenda and show that the new payment card method reduces hypothetical bias such as “yea-saying,” aids in selection of reasonable and realistic cost bids, as well as eliminates the “fat tails” problem.

Suggested Citation

  • Quinton Babcock & Kevin J. Egan & Daryl F. Dwyer, 2020. "The use of multiple actual referenda in a new payment card methodology," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 63(11), pages 2064-2081, September.
    • Handle: RePEc:taf:jenpmg:v:63:y:2020:i:11:p:2064-2081
    DOI: 10.1080/09640568.2019.1703176
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