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Valuations of Transport Nuisances and Cognitive Biases: A Survey Laboratory Experiment in the Pyrenees Region

Author

Listed:
  • Laurent Denant-Boèmont

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

  • Javier Faulin

    (UPNA - Universidad Pública de Navarra [Espagne] = Public University of Navarra)

  • Sabrina Hammiche

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

  • Adrian Serrano-Hernandez

    (UPNA - Universidad Pública de Navarra [Espagne] = Public University of Navarra)

Abstract

We designed a survey that aims at estimating individual willingness-to-pay to reduce noise and air pollution arising from transportation activity near the Pyrenees in Navarre (Spain). Our participants cope with a series of contingent valuation questions and also with an economic experiment with real incentives about the same topic. Our goal is to identify several methodological problems in the valuation process coming from hypothetical bias, correlation effect and sequence effect when series of responses are requested. Our main results are that hypothetical bias is significant, because the willingness-to-pay is greater when the survey is hypothetical compared to when there is real monetary incentive. Likewise, the correlation effect also observes the same behavior since the willingness-to-pay for pollution mitigation is close to the one established for noise reduction. Finally, we have obtained mixed evidence for the sequence effect, being present only in the contingent valuation survey part.

Suggested Citation

  • Laurent Denant-Boèmont & Javier Faulin & Sabrina Hammiche & Adrian Serrano-Hernandez, 2022. "Valuations of Transport Nuisances and Cognitive Biases: A Survey Laboratory Experiment in the Pyrenees Region," Post-Print hal-03476849, HAL.
    • Handle: RePEc:hal:journl:hal-03476849
    DOI: 10.1007/s10666-021-09773-7
    Note: View the original document on HAL open archive server: https://hal.science/hal-03476849
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    Keywords

    Willingness-to-pay; Transport externality; Pollution; Cognitive bias; Laboratory economic experiment; Transportation;
    All these keywords.

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