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Random error in willingness to pay measurement: A multiple indicators, latent variable approach to the reliability of contingent values

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  • Jorgensen, Bradley S.
  • Syme, Geoffrey J.
  • Smith, Leigh M.
  • Bishop, Brian J.

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  • 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, vol. 25(1), pages 41-59, February.
  • Handle: RePEc:eee:joepsy:v:25:y:2004:i:1:p:41-59
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    References listed on IDEAS

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    1. 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.
    2. Whitehead John C. & Blomquist Glenn C. & Hoban Thomas J. & Clifford William B., 1995. "Assessing the Validity and Reliability of Contingent Values: A Comparison of On-Site Users, Off-Site Users, and Non-users," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 238-251, September.
    3. 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.
    4. John C. Whitehead & Thomas J. Hoban, 1999. "Testing for Temporal Reliability in Contingent Valuation with Time for Changes in Factors Affecting Demand," Land Economics, University of Wisconsin Press, vol. 75(3), pages 453-465.
    5. K. McConnell* & I. Strand & Sebastián Valdés, 1998. "Testing Temporal Reliability and Carry-over Effect: The Role of Correlated Responses in Test-retest Reliability Studies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(3), pages 357-374, October.
    6. Goldberger, Arthur S, 1972. "Structural Equation Methods in the Social Sciences," Econometrica, Econometric Society, vol. 40(6), pages 979-1001, November.
    7. Berrens, Robert P. & Bohara, Alok K. & Jenkins-Smith, Hank & Silva, Carol L. & Ganderton, Philip & Brookshire, David, 1998. "A joint investigation of public support and public values: case of instream flows in New Mexico," Ecological Economics, Elsevier, vol. 27(2), pages 189-203, November.
    8. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January.
    9. Mary Jo Kealy & John F. Dovidio & Mark L. Rockel, 1988. "Accuracy in Valuation Is a Matter of Degree," Land Economics, University of Wisconsin Press, vol. 64(2), pages 158-171.
    10. Jorgensen, Bradley S. & Syme, Geoffrey J., 2000. "Protest responses and willingness to pay: attitude toward paying for stormwater pollution abatement," Ecological Economics, Elsevier, vol. 33(2), pages 251-265, May.
    11. Bradley Jorgensen & Geoffrey Syme & Brian Bishop & Blair Nancarrow, 1999. "Protest Responses in Contingent Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(1), pages 131-150, July.
    12. K. Jöreskog, 1971. "Statistical analysis of sets of congeneric tests," Psychometrika, Springer;The Psychometric Society, vol. 36(2), pages 109-133, June.
    13. Loehman, Edna & De, Vo Hu, 1982. "Application of Stochastic Choice Modeling to Policy Analysis of Public Goods: A Case Study of Air Quality Improvements," The Review of Economics and Statistics, MIT Press, vol. 64(3), pages 474-480, August.
    14. 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.
    15. 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.
    16. 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.
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    Cited by:

    1. Ulf Liebe & Jürgen Meyerhoff & Volkmar Hartje, 2012. "Test–Retest Reliability of Choice Experiments in Environmental Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(3), pages 389-407, November.
    2. Lienert, Judit & Duygan, Mert & Zheng, Jun, 2016. "Preference stability over time with multiple elicitation methods to support wastewater infrastructure decision-making," European Journal of Operational Research, Elsevier, vol. 253(3), pages 746-760.
    3. Jorgensen, Bradley S. & Syme, Geoffrey J. & Nancarrow, Blair E., 2006. "The role of uncertainty in the relationship between fairness evaluations and willingness to pay," Ecological Economics, Elsevier, vol. 56(1), pages 104-124, January.
    4. repec:kap:enreec:v:68:y:2017:i:3:d:10.1007_s10640-016-0039-x is not listed on IDEAS
    5. Salman, Amer Zahi & Al-Karablieh, Emad, 2004. "Measuring the willingness of farmers to pay for groundwater in the highland areas of Jordan," Agricultural Water Management, Elsevier, vol. 68(1), pages 61-76, July.
    6. Kniebes, Carola & Rehdanz, Katrin & Schmidt, Ulrich, 2014. "Validity of WTP measures under preference uncertainty," Kiel Working Papers 1972, Kiel Institute for the World Economy (IfW).
    7. Bobinac, Ana & van Exel, N. Job A. & Rutten, Frans F.H. & Brouwer, Werner B.F., 2012. "GET MORE, PAY MORE? An elaborate test of construct validity of willingness to pay per QALY estimates obtained through contingent valuation," Journal of Health Economics, Elsevier, vol. 31(1), pages 158-168.
    8. Nicolao Bonini & Ilana Ritov & Michele Graffeo, 2007. "When does a referent problem affect willingness to pay for a public good?," Labsi Experimental Economics Laboratory University of Siena 015, University of Siena.
    9. Brown, Thomas C. & Kingsley, David & Peterson, George L. & Flores, Nicholas E. & Clarke, Andrea & Birjulin, Andrej, 2008. "Reliability of individual valuations of public and private goods: Choice consistency, response time, and preference refinement," Journal of Public Economics, Elsevier, vol. 92(7), pages 1595-1606, July.
    10. Dan Rigby & Michael Burton & Jo Pluske, 2016. "Preference Stability and Choice Consistency in Discrete Choice Experiments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(2), pages 441-461, October.
    11. Braun, Carola & Rehdanz, Katrin & Schmidt, Ulrich, 2016. "Validity of Willingness to Pay Measures under Preference Uncertainty," Open Access Publications from Kiel Institute for the World Economy 141320, Kiel Institute for the World Economy (IfW).
    12. Popkowski Leszczyc, Peter T.L. & Pracejus, John W. & Shen, Yingtao, 2008. "Why more can be less: An inference-based explanation for hyper-subadditivity in bundle valuation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 105(2), pages 233-246, March.

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