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Income Reminder And The Divergence Between Willingness-To-Pay Estimates Associated With Dichotomous Choice And Open-Ended Elicitation Formats

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Author Info
He, Senhui
Jordan, Jeffrey L.
Florkowski, Wojciech
Abstract

This study investigates whether an income reminder can reduce the divergence between the willingness-to-pay (WTP) estimates associated with the open-ended (OE) and dichotomous choice (DC) elicitation formats. Results show that without an income reminder, WTP estimate associated with DC elicitation format is about 1.66 times as large as that associated with OE elicitation format. With an income reminder, the WTP estimate associated with DC format decreased while the WTP estimate associated with OE format increased, and the divergence between the WTP estimates was almost eliminated.

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Paper provided by Southern Agricultural Economics Association in its series 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama with number 35193.

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Date of creation: 2003
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Handle: RePEc:ags:saeatm:35193

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Related research
Keywords: dichotomous choice; open-ended; income reminder; water quality improvement; willingness-to-pay; Research Methods/ Statistical Methods;

References listed on IDEAS
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  1. Johannesson, Magnus & Jonsson, Bengt & Borgquist, Lars, 1991. "Willingness to pay for antihypertensive therapy -- results of a Swedish pilot study," Journal of Health Economics, Elsevier, vol. 10(4), pages 461-473. [Downloadable!] (restricted)
  2. Ronald G. Cummings & Laura Osborne Taylor, 1998. "Does Realism Matter in Contingent Valuation Surveys?," Land Economics, University of Wisconsin Press, vol. 74(2), pages 203-215. [Downloadable!] (restricted)
  3. Kevin J. Boyle & Hugh F. MacDonald & Hsiang-tai Cheng & Daniel W. McCollum, 1998. "Bid Design and Yea Saying in Single-Bounded, Dichotomous-Choice Questions," Land Economics, University of Wisconsin Press, vol. 74(1), pages 49-64. [Downloadable!] (restricted)
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This page was last updated on 2009-12-26.

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