IDEAS home Printed from https://ideas.repec.org/p/ags/saeatm/35073.html
   My bibliography  Save this paper

The Effects Of Irrational Responses In Contingent Valuation Survey And The Appropriate Treatment

Author

Listed:
  • He, Senhui
  • Fletcher, Stanley M.
  • Rimal, Arbindra

Abstract

This paper investigates the effects of irrational responses on stated willingness-to-pay (WTP) in a contingent valuation study. A significant portion of the respondents stated that they were willing to pay a higher price for irradiated beef which they would avoid consuming due to their concerns about the side effects of irradiation. Such responses may not reflect true WTP and may cause bias in WTP estimate. Excluding these responses from estimation may result in sample selection bias. Whereas setting the bid values presented to these responses close to zero both helped to improve the estimation model and to reduce the potential bias in WTP estimate.

Suggested Citation

  • He, Senhui & Fletcher, Stanley M. & Rimal, Arbindra, 2003. "The Effects Of Irrational Responses In Contingent Valuation Survey And The Appropriate Treatment," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35073, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeatm:35073
    DOI: 10.22004/ag.econ.35073
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/35073/files/sp03he03.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.35073?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. R. K. Blamey & J. W. Bennett & M. D. Morrison, 1999. "Yea-Saying in Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 75(1), pages 126-141.
    2. Pauline M. Ippolito & Alan D. Mathios, 1990. "Information, Advertising and Health Choices: A Study of the Cereal Market," RAND Journal of Economics, The RAND Corporation, vol. 21(3), pages 459-480, Autumn.
    3. Rodolfo M. Nayga, 1996. "Sociodemographic Influences on Consumer Concern for Food Safety: The Case of Irradiation, Antibiotics, Hormones, and Pesticides," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(3), pages 467-475.
    4. Ryan, Mandy & San Miguel, Fernando, 2000. "Testing for consistency in willingness to pay experiments," Journal of Economic Psychology, Elsevier, vol. 21(3), pages 305-317, June.
    5. Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-255, March-Apr.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Colmer, Jonathan & Lin, Dajun & Liu, Siying & Shimshack, Jay, 2021. "Why are pollution damages lower in developed countries? Insights from high-Income, high-particulate matter Hong Kong," Journal of Health Economics, Elsevier, vol. 79(C).
    2. Vincenzo Carrieri & Ansgar Wuebker, 2014. "Does the Letter Matter (and for Everyone)? - Quasi-experimental Evidence on the Eff ects of Home Invitation on Mammography Uptake," Ruhr Economic Papers 0491, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    3. Shimshack, Jay P. & Ward, Michael B. & Beatty, Timothy K.M., 2007. "Mercury advisories: Information, education, and fish consumption," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 158-179, March.
    4. He, Senhui & Fletcher, Stanley M. & Rimal, Arbindra, 2004. "Acceptance Of Irradiated Beef And Its Effect On Beef Consumption," Journal of Food Distribution Research, Food Distribution Research Society, vol. 35(1), pages 1-6, March.
    5. Rosemary Avery & Donald Kenkel & Dean R. Lillard & Alan Mathios, 2007. "Private Profits and Public Health: Does Advertising of Smoking Cessation Products Encourage Smokers to Quit?," Journal of Political Economy, University of Chicago Press, vol. 115, pages 447-481.
    6. Carrieri, V. & Wuebker, A., 2014. "Does the letter matter (and for everyone)? Quasi-experimental evidence on the effects of home invitation on mammography uptake," Health, Econometrics and Data Group (HEDG) Working Papers 14/11, HEDG, c/o Department of Economics, University of York.
    7. He, Senhui & Florkowski, Wojciech J. & Jordan, Jeffrey L., 2002. "Irrational Responses in Contingent Valuation and Their Potential Impacts on Mean Stated Willingness-to-pay," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24914, European Association of Agricultural Economists.
    8. Jay Bhattacharya & Janet Currie, 2001. "Youths at Nutrition Risk: Malnourished or Misnourished?," NBER Chapters, in: Risky Behavior among Youths: An Economic Analysis, pages 483-522, National Bureau of Economic Research, Inc.
    9. Rodriguez, Julieta A. & Lupín, Beatriz & Mujica, Guillermina & Cutrera, Gianluca & Adamini, Ariana, 2022. "Bioeconomía y consumo: valoración de alimentos saludables y sustentables," Nülan. Deposited Documents 3746, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    10. Fichera, Eleonora & von Hinke, Stephanie, 2020. "The response to nutritional labels: Evidence from a quasi-experiment," Journal of Health Economics, Elsevier, vol. 72(C).
    11. He, Senhui & Fletcher, Stanley M. & Rimal, Arbindra, 2005. "Attitudes, Acceptance, and Consumption: The Case of Beef Irradiation," Journal of Food Distribution Research, Food Distribution Research Society, vol. 36(1), pages 1-6, March.
    12. Chun-Chih Chen & Yen-Ju Lin & Ying-Tzu Lin, 2013. "Awareness and utilization of preventive care services among the elderly under National Health Insurance," International Journal of Health Economics and Management, Springer, vol. 13(3), pages 247-260, December.
    13. Liu, Xiaoou & Lopez, Rigoberto & Zhu, Chen, 2015. "Can Voluntary Nutrition Labeling Lead to a Healthier Food Market?," 2016 Allied Social Sciences Association (ASSA) Annual Meeting, January 3-5, 2016, San Francisco, California 212818, Agricultural and Applied Economics Association.
    14. Variyam, Jayachandran, 2003. "Factors Affecting the Macronutrient Intake of U.S. Adults," Technical Bulletins 184322, United States Department of Agriculture, Economic Research Service.
    15. repec:zbw:rwirep:0491 is not listed on IDEAS
    16. Han, Jae-Hwan & Harrison, R. Wes, 2006. "Consumer Valuation of the Second Generation of Genetically Modified (GM) Foods with Benefits Disclosure," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35277, Southern Agricultural Economics Association.
    17. Kim, Sung-Yong & Nayga, Rodolfo M. & Capps, Oral, 2001. "Health Knowledge and Consumer Use of Nutritional Labels: The Issue Revisited," Agricultural and Resource Economics Review, Cambridge University Press, vol. 30(1), pages 10-19, April.
    18. Eric French & Elaine Kelly & Richard Cookson & Carol Propper & Miqdad Asaria & Rosalind Raine, 2016. "Socio‐Economic Inequalities in Health Care in England," Fiscal Studies, Institute for Fiscal Studies, vol. 37, pages 371-403, September.
    19. Rana Ejaz Ali Khan & Muhammad Ali Raza, 2017. "Utilization of Quality Source of Prenatal-Care in India: An Evidence from IDHS," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 131(3), pages 1163-1178, April.
    20. Anura Amarasinghe & Gerard D'Souza & Cheryl Brown & Tatiana Borisova, 2006. "A Spatial Analysis of Obesity in West Virginia," Working Papers Working Paper 2006-13, Regional Research Institute, West Virginia University.
    21. Ginger Zhe Jin & Andrew Kato & John A. List, 2010. "That’S News To Me! Information Revelation In Professional Certification Markets," Economic Inquiry, Western Economic Association International, vol. 48(1), pages 104-122, January.

    More about this item

    Keywords

    Consumer/Household Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:saeatm:35073. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/saeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.