Une approche comportementale de l'évaluation contingente
Public 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 powerful, bias free, estimation of individual preferences. Two distinct applications are provided. Classification JEL : C81, C93, Q26
References listed on IDEAS
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- Emmanuel Flachaire & Guillaume Hollard, 2006.
"Controlling Starting-Point Bias in Double-Bounded Contingent Valuation Surveys,"
University of Wisconsin Press, vol. 82(1), pages 103-111.
- Emmanuel Flachaire & Guillaume Hollard, 2005. "Controlling starting-point bias in double-bounded contingent valuation surveys," Cahiers de la Maison des Sciences Economiques v05076, Université Panthéon-Sorbonne (Paris 1).
- Emmanuel Flachaire & Guillaume Hollard, 2005. "Controlling starting-point bias in double-bounded contingent valuation surveys," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00196431, HAL.
- Emmanuel Flachaire & Guillaume Hollard, 2006. "Controlling starting-point bias in double-bounded contingent valuation surveys," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00175917, HAL.
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- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Herriges, Joseph A. & Shogren, Jason F., 1996. "Starting Point Bias in Dichotomous Choice Valuation with Follow-Up Questioning," Journal of Environmental Economics and Management, Elsevier, vol. 30(1), pages 112-131, January.
- Herriges, Joseph A. & Shogren, Jason F., 1996. "Starting Point Bias in Dichotomous Choice Valuation with Follow-Up Questioning," Staff General Research Papers Archive 1501, Iowa State University, Department of Economics.
- Brookshire, David S & Coursey, Don L, 1987. "Measuring the Value of a Public Good: An Empirical Comparison of Elicitation Procedures," American Economic Review, American Economic Association, vol. 77(4), pages 554-566, September.
- John C. Whitehead, 2002. "Incentive Incompatibility and Starting-Point Bias in Iterative Valuation Questions," Land Economics, University of Wisconsin Press, vol. 78(2), pages 285-297. Full references (including those not matched with items on IDEAS)
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