Une approche comportementale de l'évaluation contingente
AbstractPublic economics proposed various models that intend to determine the optimal provision of public goods based on individual preferences. To provide decision makers with empirical recommendations, economists thus need to elicit individual preferences, and more precisely the marginal rate of substitution between private and public goods. Contingent valuation has proved a useful, and successful, tool to gather information on individual preferences. However, contingent valuation has been proved sensitive to various biases. In other words, variables that are not expected to have any influence do so in practice. In this paper, we propose a methodology, based on social psychology, which allows the identification of individuals that are proved immune to biases. This allows designing more powerfull, bias free, estimation of individual preferences. Two distinct applications are provided.
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Bibliographic InfoPaper provided by Université Panthéon-Sorbonne (Paris 1) in its series Cahiers de la Maison des Sciences Economiques with number v05077.
Length: 16 pages
Date of creation: Sep 2005
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Behavioral economic; contingent valuation.;
Other versions of this item:
- Emmanuel Flachaire & Guillaume Hollard, 2006. "Une approche comportementale de l'évaluation contingente," Revue économique, Presses de Sciences-Po, vol. 57(2), pages 315-329.
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
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