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What do respondents bring to contingent valuation?: A comparison of monetary and labour payment vehicles
Department of Economics, University of Gothenburg, Norwegian College of Fishery Science, University of Tromsø.
Department of Economics, University of Gothenburg.
Department of Economics and Resource Management, Norwegian University of Life Sciences.
Department of Business, Economics and Law, Mid Sweden University, Sundsvall.ORCID iD: 0000-0001-7206-6568
2014 (English)In: Journal of Environmental Chemical Engineering, ISSN 2160-6544, E-ISSN 2213-3437, Vol. 3, no 3, p. 253-267Article in journal (Refereed) Published
Abstract [en]

In the contingent valuation method, both the goods being valued and the payment vehicles used to value them are mostly hypothetical. However, although numerous studies have examined the impact of experience with the good on the willingness to pay, less attention has been given to experience with the payment vehicles. This paper examines how experience with payment vehicles influence responses to a contingent valuation scenario on maintaining irrigation canals in a developing country. Specifically, the paper uses a split-sample survey to investigate the effects of experience with monetary and labour payment vehicles on the acceptance of a contingent valuation scenario, protest bids and mean willingness to pay. Using convergent validity tests, we found that the experience acquired from using both monetary and labour payment vehicles reduces the asymmetries in acceptance rates. These findings suggest that experience with payment vehicles reduces time/money response asymmetries in the contingent valuation method.

Place, publisher, year, edition, pages
2014. Vol. 3, no 3, p. 253-267
National Category
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-6835DOI: 10.1080/21606544.2014.892034Local ID: 52375743-eef0-4380-bdd5-18ffbe3e4144OAI: oai:DiVA.org:ltu-6835DiVA, id: diva2:979721
Projects
Vatten som ekonomisk resurs, Environment for Development, Human Cooperation to Manage Natural Resources
Note
Upprättat; 2014; 20141128 (jessta)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2017-11-24Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf