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Testing for Temporal Reliability in Contingent Valuation with Time for Changes in Factors Affecting Demand

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  • John C. Whitehead
  • Thomas J. Hoban

Abstract

We develop a temporal reliability test of the contingent valuation method. Separate random samples were administered the same telephone survey five years apart. In the retest, respondents have less favorable attitudes toward the environment. Given this result, a temporally reliable contingent valuation would find lower willingness to pay. We find that the estimates are temporally reliable. After accounting for attitudes which have changed over the five-year period, values are not significantly different five years apart. This study provides additional evidence that use of the contingent valuation method can provide useful information for environmental policy analysis.

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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 75 (1999)
Issue (Month): 3 ()
Pages: 453-465

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Handle: RePEc:uwp:landec:v:75:y:1999:i:3:p:453-465

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Web page: http://le.uwpress.org/

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  1. Loomis, John B., 1990. "Comparative reliability of the dichotomous choice and open-ended contingent valuation techniques," Journal of Environmental Economics and Management, Elsevier, vol. 18(1), pages 78-85, January.
  2. Ronald Oaxaca, . "Male-Female Wage Differentials in Urban Labor Markets," Working Papers 396, Princeton University, Department of Economics, Industrial Relations Section..
  3. Carson, Richard T. & Hanemann, W. Michael & Kopp, Raymond J. & Krosnick, Jon A. & Mitchell, Robert C. & Presser, Stanley & Ruud, Paul A. & Smith, V. Kerry, 1995. "Temporal Reliability of Estimates from Contingent Valuation," Working Papers 95-05, Duke University, Department of Economics.
  4. Downing, Mark & Ozuna, Teofilo Jr., 1996. "Testing the Reliability of the Benefit Function Transfer Approach," Journal of Environmental Economics and Management, Elsevier, vol. 30(3), pages 316-322, May.
  5. Patterson, David A. & Duffield, John W., 1991. "Comment on Cameron's censored logistic regression model for referendum data," Journal of Environmental Economics and Management, Elsevier, vol. 20(3), pages 275-283, May.
  6. John C. Whitehead, 1995. "Willingness to Pay for Quality Improvements: Comparative Statics and Interpretation of Contingent Valuation Results," Land Economics, University of Wisconsin Press, vol. 71(2), pages 207-215.
  7. Cameron, Trudy Ann, 1988. "A new paradigm for valuing non-market goods using referendum data: Maximum likelihood estimation by censored logistic regression," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 355-379, September.
  8. Thomas H. Stevens & homas A. More & Ronald J. Glass, 1994. "Interpretation and Temporal Stability of CV Bids for Wildlife Existence: A Panel Study," Land Economics, University of Wisconsin Press, vol. 70(3), pages 355-363.
  9. David Neumark, 1987. "Employers' discriminatory behavior and the estimation of wage discrimination," Special Studies Papers 227, Board of Governors of the Federal Reserve System (U.S.).
  10. Kealy, Mary Jo & Montgomery, Mark & Dovidio, John F., 1990. "Reliability and predictive validity of contingent values: Does the nature of the good matter?," Journal of Environmental Economics and Management, Elsevier, vol. 19(3), pages 244-263, November.
  11. Stephen D. Reiling & Kevin J. Boyle & Marcia L. Phillips & Mark W. Anderson, 1990. "Temporal Reliability of Contingent Values," Land Economics, University of Wisconsin Press, vol. 66(2), pages 128-134.
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Citations

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Cited by:
  1. Eric Thompson & Mark Berger & Glenn Blomquist & Steven Allen, 2002. "Valuing the Arts: A Contingent Valuation Approach," Journal of Cultural Economics, Springer, vol. 26(2), pages 87-113, May.
  2. Hidano, Noboru & Kato, Takaaki & Aritomi, Masakazu, 2005. "Benefits of participating in contingent valuation mail surveys and their effects on respondent behavior: a panel analysis," Ecological Economics, Elsevier, vol. 52(1), pages 63-80, January.
  3. Mattias Boman & Leif Mattsson & Göran Ericsson & Bengt Kriström, 2011. "Moose Hunting Values in Sweden Now and Two Decades Ago: The Swedish Hunters Revisited," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 50(4), pages 515-530, December.
  4. Carson, Richard T & Flores, Nicholas A, 2000. "Contingent Valuation: Controversies and Evidence," University of California at San Diego, Economics Working Paper Series qt75k752s7, Department of Economics, UC San Diego.
  5. Joseph Cook & Marc Jeuland & Brian Maskery & Dale Whittington, 2012. "Giving Stated Preference Respondents “Time to Think”: Results From Four Countries," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 51(4), pages 473-496, April.
  6. Jorgensen, Bradley S. & Syme, Geoffrey J. & Smith, Leigh M. & Bishop, Brian J., 2004. "Random error in willingness to pay measurement: A multiple indicators, latent variable approach to the reliability of contingent values," Journal of Economic Psychology, Elsevier, vol. 25(1), pages 41-59, February.
  7. Brad R. Humphreys & Bruce K. Johnson & Daniel S. Mason & John C. Whitehead, 2011. "Estimating the Value of Medal Success at the 2010 Winter Olympic Games," Working Papers 11-20, Department of Economics, Appalachian State University.
  8. John Whitehead & Richard Aiken, 2007. "Temporal reliability of willingness to pay from the National Survey of Fishing, Hunting and Wildlife-Associated Recreation," Applied Economics, Taylor and Francis Journals, vol. 39(6), pages 777-786.
  9. Gonzalez, Matias & Leon, Carmelo J., 2003. "Consumption process and multiple valuation of landscape attributes," Ecological Economics, Elsevier, vol. 45(2), pages 159-169, June.
  10. Schlapfer, Felix, 2006. "Survey protocol and income effects in the contingent valuation of public goods: A meta-analysis," Ecological Economics, Elsevier, vol. 57(3), pages 415-429, May.
  11. Glenk, Klaus & Fischer, Anke, 2010. "Insurance, prevention or just wait and see? Public preferences for water management strategies in the context of climate change," Ecological Economics, Elsevier, vol. 69(11), pages 2279-2291, September.
  12. Timothy C. Haab & Matthew G. Interis & Daniel R. Petrolia & John C. Whitehead, 2013. "From Hopeless to Curious? Thoughts on Hausman’s “Dubious to Hopeless” Critique of Contingent Valuation," Working Papers 13-07, Department of Economics, Appalachian State University.
  13. Jee W Hwang, 2012. "Temporal reliability test of nonconsumptive wildlife recreation benefits constructed from choke price data," Economics Bulletin, AccessEcon, vol. 32(1), pages 788-798.

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