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Testing Bid Design Effects in Multiple-Bounded, Contingent-Valuation Questions

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Author Info

  • Brian Roach
  • Kevin J. Boyle
  • Michael Welsh

Abstract

Multiple-bounded, contingent-valuation questions have been proposed as an alternative to single-bounded and double-bounded questions. While the effects of bid design on multiple- bounded responses have not been explored, findings of experimental effects in single- and double-bounded questions make this a logical area of inquiry. We explore two potential experimental effects in multiple-bounded questions. Respondents may simply express welfare estimates in the center of the bid list. Also, the range of bids may systematically influence welfare estimates. We find while respondents do not center their responses, the range of bids influences welfare estimates and responses to individual bids.

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File URL: http://le.uwpress.org/cgi/reprint/78/1/121
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Bibliographic Info

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

Volume (Year): 78 (2002)
Issue (Month): 1 ()
Pages: 121-131

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Handle: RePEc:uwp:landec:v:78:y:2002:i:1:p:121-131

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

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Cited by:
  1. Soma Bhattacharya & Anna Alberini & Maureen Cropper, 2007. "The value of mortality risk reductions in Delhi, India," Journal of Risk and Uncertainty, Springer, vol. 34(1), pages 21-47, February.
  2. Devkota, Nirmala & Paudel, Krishna P. & Parajuli, Shanta, 2009. "Broiler Producers’ Willingness To Pay To Manage Nutrient Pollution," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46825, Southern Agricultural Economics Association.
  3. Moore, Christopher C. & Holmes, Thomas P. & Bell, Kathleen P., 2011. "An attribute-based approach to contingent valuation of forest protection programs," Journal of Forest Economics, Elsevier, vol. 17(1), pages 35-52, January.
  4. Ethier, Robert G. & Poe, Gregory L. & Vossler, Christian A. & Welsh, Michael P., 2001. "Payment Certainty in Discrete Choice Contigent Valuation Responses: Results from a Field Validity Test," Working Papers 127668, Cornell University, Department of Applied Economics and Management.
  5. Andersson, Henrik & Hammitt, James & Lindberg, Gunnar & Sundström, Kristian, 2011. "Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety," LERNA Working Papers 11.20.354, LERNA, University of Toulouse.
  6. Boman, Mattias, 2009. "To pay or not to pay for biodiversity in forests - What scale determines responses to willingness to pay questions with uncertain response options?," Journal of Forest Economics, Elsevier, vol. 15(1-2), pages 79-91, January.

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