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Do Hypothetical and Actual Willingness to Pay Differ in Choice Experiments? - Application to the Valuation of the Environment

Author

Listed:
  • Carlsson, Fredrik

    () (Department of Economics, School of Economics and Commercial Law, Göteborg University)

  • Martinsson, Peter

    () (Department of Economics,Lund University)

Abstract

In this paper we test the validity of choice experiments with donations for environmental projects. In particular, we test whether or not willingness to pay for projects differs between a hypothetical and an actual choice experiment. Our results do not indicate that choice experiments suffer from overstatement in hypothetical willingness to pay; and this contrasts the results found in external tests of validity in Contingent Valuation. In addition, internal tests of validity indicate transitive and stable preferences in both experiments.

Suggested Citation

  • Carlsson, Fredrik & Martinsson, Peter, 1999. "Do Hypothetical and Actual Willingness to Pay Differ in Choice Experiments? - Application to the Valuation of the Environment," Working Papers in Economics 13, University of Gothenburg, Department of Economics.
  • Handle: RePEc:hhs:gunwpe:0013
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    Citations

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    Cited by:

    1. Johansson-Stenman , Olof & Svedsäter, Henrik, 2003. "Self Image And Choice Experiments: Hypothetical And Actual Willingness To Pay," Working Papers in Economics 94, University of Gothenburg, Department of Economics.
    2. de Jong, Gerard, 2012. "Application of experimental economics in transport and logistics," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 50, pages 1-3.
    3. Lee, Deborah E. & Du Preez, Mario, 2016. "Determining visitor preferences for rhinoceros conservation management at private, ecotourism game reserves in the Eastern Cape Province, South Africa: A choice modeling experiment," Ecological Economics, Elsevier, vol. 130(C), pages 106-116.

    More about this item

    Keywords

    Choice experiments; External validity; Internal validity; Hypothetical and actual WTP; Public goods;

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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