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Willingness to Pay for Biodiesel in Diesel Engines: A Stochastic Double Bounded Contingent Valuation Survey

Author

Listed:
  • Jeanty, Pierre Wilner
  • Haab, Timothy C.
  • Hitzhusen, Frederick J.

Abstract

The double bounded dichotomous choice format has been proven to improve efficiency in contingent valuation models. However, this format has been criticized due to lack of behavioral and statistical consistencies between the first and the second responses. In this study a split sampling methodology was used to determine whether allowing respondents to express uncertainty in the follow-up question would alleviate such inconsistencies. Results indicate that allowing respondents to express uncertainty in the follow-up question was effective at reducing both types of inconsistencies while efficiency gain is maintained.

Suggested Citation

  • Jeanty, Pierre Wilner & Haab, Timothy C. & Hitzhusen, Frederick J., 2007. "Willingness to Pay for Biodiesel in Diesel Engines: A Stochastic Double Bounded Contingent Valuation Survey," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9868, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea07:9868
    DOI: 10.22004/ag.econ.9868
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    Cited by:

    1. Barrena, José & Nahuelhual, Laura & Báez, Andrea & Schiappacasse, Ignacio & Cerda, Claudia, 2014. "Valuing cultural ecosystem services: Agricultural heritage in Chiloé island, southern Chile," Ecosystem Services, Elsevier, vol. 7(C), pages 66-75.
    2. Andrea Báez-Montenegro & Ana Bedate Centeno & José à ngel Sanz Lara & Luis Cesar Herrero Prieto, 2016. "Contingent valuation and motivation analysis of tourist routes," Tourism Economics, , vol. 22(3), pages 558-571, June.
    3. Gracia, Azucena & Barreiro-Hurlé, Jesús & Perez y Perez, Luis, 2011. "Consumers’ willingness to pay for biodiesel in Spain," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114605, European Association of Agricultural Economists.
    4. Kallas, Zein & Gil, José María, 2015. "Do the Spanish want biodiesel? A case study in the Catalan transport sector," Renewable Energy, Elsevier, vol. 83(C), pages 398-406.
    5. Loureiro, Maria L. & Labandeira, Xavier & Hanemann, Michael, 2013. "Transport and low-carbon fuel: A study of public preferences in Spain," Energy Economics, Elsevier, vol. 40(S1), pages 126-133.
    6. Jensen, Kimberly L. & Clark, Christopher D. & English, Burton C. & Menard, R. Jamey & Skahan, Denise K. & Marra, Adrienne C., 2010. "Willingness to pay for E85 from corn, switchgrass, and wood residues," Energy Economics, Elsevier, vol. 32(6), pages 1253-1262, November.
    7. Ronald B. Larson, 2019. "Promoting demand-based pricing," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 18(1), pages 42-51, February.
    8. Larson, Ronald B., 2017. "Selling Demand-Based Pricing," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259135, Agricultural and Applied Economics Association.
    9. Nik Nor Rahimah Nik Ab Rahim & Jamal Othman & Norlida Hanim Mohd Salleh & Norshamliza Chamhuri, 2021. "A Non-Market Valuation Approach to Environmental Cost-Benefit Analysis for Sanitary Landfill Project Appraisal," Sustainability, MDPI, vol. 13(14), pages 1-18, July.

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