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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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Paper provided by East Carolina University, Department of Economics in its series Working Papers with number 9613.

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Handle: RePEc:wop:eacaec:9613

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  1. 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.
  2. Richard T. Carson & W. Michael Hanemann, & Raymond J. Kopp & Jon A. Krosnick & Robert C. Mitchell & Stanley Presser & Paul A. Rudd & V. Kerry Smith & Michael Conaway & Kerry Martin, 1997. "Temporal Reliability of Estimates from Contingent Valuation," Land Economics, University of Wisconsin Press, vol. 73(2), pages 151-163.
  3. 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.
  4. David Neumark, 1988. "Employers' Discriminatory Behavior and the Estimation of Wage Discrimination," Journal of Human Resources, University of Wisconsin Press, vol. 23(3), pages 279-295.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. Oaxaca, Ronald, 1973. "Male-Female Wage Differentials in Urban Labor Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(3), pages 693-709, October.
  10. 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.
  11. 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.
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Cited by:
  1. John C. Whitehead & Richard Aiken, 2004. "Temporal Reliability of Willingness to Pay from the National Survey of Fishing, Hunting, and Wildlife-Associated Recreation," Working Papers, Department of Economics, Appalachian State University 04-23, Department of Economics, Appalachian State University.
  2. Carson, Richard T & Flores, Nicholas A, 2000. "Contingent Valuation: Controversies and Evidence," University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego qt75k752s7, Department of Economics, UC San Diego.
  3. Humphreys, Brad & Johnson, Bruce & Mason, Daniel & Whitehead, John, 2011. "Estimating the Value of Medal Success at the 2010 Winter Olympic Games," Working Papers 2011-20, University of Alberta, Department of Economics.
  4. Eric Thompson & Mark Berger & Glenn Blomquist & Steven Allen, 2002. "Valuing the Arts: A Contingent Valuation Approach," Journal of Cultural Economics, Springer, Springer, vol. 26(2), pages 87-113, May.
  5. 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, Elsevier, vol. 25(1), pages 41-59, February.
  6. Elcin Akcura, 2013. "Mandatory vs voluntary Payment for Green Electricity," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge 1339, Faculty of Economics, University of Cambridge.
  7. Schlapfer, Felix, 2006. "Survey protocol and income effects in the contingent valuation of public goods: A meta-analysis," Ecological Economics, Elsevier, Elsevier, vol. 57(3), pages 415-429, May.
  8. 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, European Association of Environmental and Resource Economists, vol. 51(4), pages 473-496, April.
  9. 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, Elsevier, vol. 52(1), pages 63-80, January.
  10. 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, European Association of Environmental and Resource Economists, vol. 50(4), pages 515-530, December.
  11. Gonzalez, Matias & Leon, Carmelo J., 2003. "Consumption process and multiple valuation of landscape attributes," Ecological Economics, Elsevier, Elsevier, vol. 45(2), pages 159-169, June.
  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," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 35(4), pages 593-612.
  13. Elcin Akcura, 2013. "Mandatory versus voluntary payment for green electricity," Working Papers, European Bank for Reconstruction and Development, Office of the Chief Economist 161, European Bank for Reconstruction and Development, Office of the Chief Economist.
  14. 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.
  15. 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, Elsevier, vol. 69(11), pages 2279-2291, September.

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