Mahieu, P.A., Crastes dit Sourd, R. orcid.org/0000-0003-4506-2910, Gastineau, P. et al. (2 more authors) (2024) How Does the Cost Vector Affect Payment Consequentiality in a Binary Choice Contingent Valuation Survey? Land Economics, 100 (2). pp. 245-255. ISSN 0023-7639
Abstract
Payment consequentiality should improve the validity of welfare estimates in stated preference surveys according to a growing body of research. In this paper, we study whether the type of amounts (precision, parity) that composes the cost vector affects payment consequentiality. Our experiment consists in a binary choice survey on renewable energy where the cost amounts range between 0.5 and 25 euros. For small amounts, we find that precision increases payment consequentiality. For larger amounts, even numbers perform better than odd numbers. Our results suggest that the type of cost amount (e.g., even/odd, general/precise) should be carefully considered by the analyst.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Keywords: | contingent valuation, consequentiality, cost credibility, renewable energy |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Decision Research (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 04 Oct 2023 11:21 |
Last Modified: | 22 Nov 2024 11:36 |
Status: | Published |
Publisher: | University of Wisconsin Press |
Identification Number: | 10.3368/le.100.2.111821-0135R1 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:203813 |