Understanding the consequences of consequentiality: Testing the validity of stated preferences in the field
This study pursues the external validation of stated preference methods by comparing survey responses from verified voters with the outcome of a parallel public referendum on a conservation and preservation program to be funded by a local property tax surcharge. The majority of respondents were unaware of the upcoming referendum, and the experimental design allows us to control for referenda-related information effects as well as respondents’ perceptions regarding the consequentiality (i.e. the potential policy impact) of their survey votes. We find the survey under-predicts “yes” referendum votes at the precinct-level. These differences go away, however, if we focus only on respondents who perceived their survey vote to be consequential. Negative hypothetical bias among inconsequential survey respondents is also evident in the estimation of willingness to pay, and controlling for consequentiality increases construct validity.
|Date of creation:||06 Dec 2012|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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"What are the consequences of consequentiality?,"
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"The Relationship Between the Income Elasticities of Demand and Willingness to Pay,"
1995 Conference (39th), February 14-16, 1995, Perth, Australia
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Other publications TiSEM
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- Erwin Bulte & Aart de Zeeuw & Shelby Gerking & John List, 2004. "The effect of varying the causes of environmental problems on stated wtp values: Evidence from a field study," Framed Field Experiments 00134, The Field Experiments Website.
- Vossler, Christian A. & Kerkvliet, Joe & Polasky, Stephen & Gainutdinova, Olesya, 2003. "Externally validating contingent valuation: an open-space survey and referendum in Corvallis, Oregon," Journal of Economic Behavior & Organization, Elsevier, vol. 51(2), pages 261-277, June.
- Schlapfer, Felix & Roschewitz, Anna & Hanley, Nick, 2004. "Validation of stated preferences for public goods: a comparison of contingent valuation survey response and voting behaviour," Ecological Economics, Elsevier, vol. 51(1-2), pages 1-16, November.
- Christian A. Vossler & Maurice Doyon & Daniel Rondeau, 2012.
"Truth in Consequentiality: Theory and Field Evidence on Discrete Choice Experiments,"
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American Economic Association, vol. 4(4), pages 145-171, November.
- Frédéric Roy-Vigneault & Daniel Rondeau & Maurice Doyon & Christian A. Vossler, 2010. "Truth in Consequentiality: Theory and Field Evidence on Discrete Choice Experiments," CIRANO Working Papers 2010s-43, CIRANO.
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- Karen Blumenschein & GlennC. Blomquist & Magnus Johannesson & Nancy Horn & Patricia Freeman, 2008. "Eliciting Willingness to Pay Without Bias: Evidence from a Field Experiment," Economic Journal, Royal Economic Society, vol. 118(525), pages 114-137, 01.
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