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A Comparison of Value Elicitation Question Formats in Multiple-Good Contingent Valuation

Author

Listed:
  • Chih-Chen Liu

    (Department of Applied Economics, National University of Kaohsiung, Kaohsiung 81148, Taiwan, China)

  • Joseph A. Herriges
  • C. L. Kling

    (Department of Economics, Iowa State University, Ames, IA 50011, USA)

  • Silvia Secchi

    (Department of Agribusiness Economics, Southern Illinois University, Carbondale, IL 62901, USA)

  • Joan I. Nassauer

    (School of Natural Resources and Environment, University of Michigan, Ann Arbor, MI 48103, USA)

  • Daniel J. Phaneuf

    (Department of Agricultural and Applied Economics, University of Wisconsin, Madison, WI 53706, USA)

Abstract

This paper provides a convergent validity test of two types of multinomial choice questions vis-¨¤-vis a dichotomous choice question by formally testing whether these stated preference elicitation question formats provide comparable welfare estimates. In particular, a dichotomous choice question, a traditional multinomial choice question, and a modified multinomial choice question suggested by Carson and Groves (2007) were applied in split samples to assess the influence of the informational and incentive properties on the respondents¡¯ annual willingness to accept compensation for adopting costly conservation practices in agriculture that benefit the environment. Our findings suggest that the two multinomial choice question formats elicit a similar mean willingness to accept distributions, but they are both different from a standard dichotomous choice question. Further, the willingness to accept distributions derived from the multinomial choice question formats are more dispersed than those from the dichotomous choice question.

Suggested Citation

  • Chih-Chen Liu & Joseph A. Herriges & C. L. Kling & Silvia Secchi & Joan I. Nassauer & Daniel J. Phaneuf, 2014. "A Comparison of Value Elicitation Question Formats in Multiple-Good Contingent Valuation," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 9(1), pages 85-108, March.
    • Handle: RePEc:fec:journl:v:9:y:2014:i:1:p:85-108
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    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-003-014-0006-2
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    Citations

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    Cited by:

    1. Zawojska, Ewa & Czajkowski, Mikolaj & Giergiczny, Marek, 2018. "Valuing tap water quality improvements using stated preference methods. Does the number of discrete choice options matter?," 2018 Annual Meeting, August 5-7, Washington, D.C. 274019, Agricultural and Applied Economics Association.
    2. Lloyd-Smith, Patrick & Adamowicz, Wiktor, 2018. "Can stated measures of willingness-to-accept be valid? Evidence from laboratory experiments," Journal of Environmental Economics and Management, Elsevier, vol. 91(C), pages 133-149.

    More about this item

    Keywords

    stated preference; choice experiment; dichotomous choice; incentive compatibility; multinomial choice;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land

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