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Hypothetical and Real Economic Commitments, and Social Status, in Valuing a Species Protection Programme

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  • Michael Getzner

Abstract

There has been a long-running debate on the reliability and validity of the contingent valuation method, connected with the hypotheticality of the situation when respondents are asked to state their willingness to pay (WTP) for species protection (the so-called 'hypothetical bias'). Additionally, a number of recent arguments regarding donations to good causes and the benefits of achieving social status have questioned the motives of respondents who have stated their WTP. An experiment at the University of Klagenfurt tested for hypothetical bias by asking participants to state their hypothetical and real WTP for a species protection programme in the Hohe Tauern national park. Hypothetical and real WTP differed significantly. Additionally, it emerged that the pure ecological motive for stating a WTP might be concealed by arguments about donating in order to achieve social status and contributing to a good cause.

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  • Michael Getzner, 2000. "Hypothetical and Real Economic Commitments, and Social Status, in Valuing a Species Protection Programme," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 43(4), pages 541-559.
    • Handle: RePEc:taf:jenpmg:v:43:y:2000:i:4:p:541-559
    DOI: 10.1080/713676576
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    Cited by:

    1. Kanya, Lucy & Saghera, Sabina & Lewin, Alex & Fox-Rushby, Julia, 2019. "The criterion validity of willingness to pay methods: a systematic review and meta-analysis of the evidence," LSE Research Online Documents on Economics 100741, London School of Economics and Political Science, LSE Library.
    2. repec:ebl:ecbull:v:3:y:2004:i:6:p:1-13 is not listed on IDEAS
    3. Ward, Adrian & Yin, Kwong-sang & Dargusch, Paul & Fulton, Elizabeth A. & Aziz, Ammar Abdul, 2017. "The Impact of Land Use Change on Carbon Stored in Mountain Grasslands and Shrublands," Ecological Economics, Elsevier, vol. 135(C), pages 114-124.
    4. Kanya, Lucy & Sanghera, Sabina & Lewin, Alex & Fox-Rushby, Julia, 2019. "The criterion validity of willingness to pay methods: A systematic review and meta-analysis of the evidence," Social Science & Medicine, Elsevier, vol. 232(C), pages 238-261.
    5. Joseph Little & Robert Berrens, 2004. "Explaining Disparities between Actual and Hypothetical Stated Values: Further Investigation Using Meta-Analysis," Economics Bulletin, AccessEcon, vol. 3(6), pages 1-13.
    6. Mann, Stefan, 2003. "Die Expertenbewertung als Alternative zur Kontingenzbewertung," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 52(08), pages 1-8.
    7. Gatto, Paola & Vidale, Enrico & Secco, Laura & Pettenella, Davide, 2014. "Exploring the willingness to pay for forest ecosystem services by residents of the Veneto Region," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 3(1), pages 1-23, April.
    8. Sauer, Uta & Fischer, Anke, 2010. "Willingness to pay, attitudes and fundamental values -- On the cognitive context of public preferences for diversity in agricultural landscapes," Ecological Economics, Elsevier, vol. 70(1), pages 1-9, November.

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