Environmental Valuation & Cost-Benefit News
Exploring preference anomalies in double bounded contingent valuation
04/20/07
01:21:05 am, by damageva 
, 157 words, 223 views 
Categories: Health, U.K., Academic Study/Journal Article, Contingent Valuation, Surveys,.., Costs and Benefits
Exploring preference anomalies in double bounded contingent valuation
Abstract: Double bounded dichotomous choice (DBDC) contingent valuation offers increased efficiency of willingness to pay (WTP) estimates compared with the single bounded format. However, evidence suggests DBDC generates anomalous respondent behaviour. This paper provides the first investigation and explanation of these anomalies in health. Results suggest the incentives for truthful preference revelation are altered in the presence of a follow up question. This result is found using both regression techniques and analysis of raw responses. Although findings suggest ‘very certain’ respondents exhibit less anomalous behaviour inconsistencies remain across bounds. The results of this study question the use of iterative valuation formats.
Keywords: Contingent valuation; Anomalies; Prospect theory; Anchoring; Calibration
by Verity Watson and Mandy Ryan; Health Economics Research Unit, Institute of Applied Health Sciences, University of Aberdeen, Polwarth Building, Foresterhill, Aberdeen, AB25 9ZD, UK; Telephone: +44 1224 555937; fax: +44 1224 550926.
Journal of Health Economics via Elsevier Science Direct www.ScienceDirect.com
Volume 26, Issue 3; 1 May 2007; Pages 463-482
http://dx.doi.org/10.1016/j.jhealeco.2006.10.009
Trackback address for this post:
http://envirovaluation.org/htsrv/trackback.php/4639
Comments, Trackbacks, Pingbacks:
No Comments/Trackbacks/Pingbacks for this post yet...
Leave a comment:
Search
Environmental Valuation & Cost-Benefit News
Environmental Valuation & Cost Benefit News covers legal, academic, and regulatory developments pertaining to the valuation of environmental amenities and disamenities, such as clean air, trees, parks, congestion, and noise. We apprise the reader about ways in which costs and benefits are measured, and the results of empirical studies. We hope that this information will allow public and private organizations to comprehend the risks and benefits of various actions, help disputants to resolve conflicts equitably and efficiently, and improve the quality of public policies. We will only discuss issues related to the empirical quantification of private and social costs and benefits and damages, and summarize information from daily newspapers, academic journals, legal publications, court decisions, professional newsletters commissioned studies, and on-line services. This newsletter is dedicated to the principal that all policies place values upon life, liberty, and the pursuit of happiness. We believe that more information, explicit specification of assumptions, and rigorous analysis can help our society to better meet these ends. This site will increasingly serve, in conjunction with others, as a valuation database. We will include a wide range of studies, including non-environmental reports, because omission of a factor effectively values it at zero, and biases decisions. Heavy traffic has caused several site crashes. We are attempting to correct these problems. Apologies for any inconvenience.
Categories
- All
- Air (1021)
- Climate Change GHG Carbon CO2 (798)
- Energy (1472)
- General (1493)
- Ecosystem Valuation (197)
- Natural Resource Damages (61)
- Recreation (1)
- Land (300)
- Agriculture, Forestry and Food (522)
- Contaminated Properties (550)
- Brownfield Redevelopment (182)
- Green Buildings (340)
- Green Roofs (111)
- Hazardous Waste (114)
- Preservation & Open Space (241)
- Sprawl & Smart Growth (102)
- Waste & Recycling (289)
- Land + Water (112)
- Beach Erosion (20)
- Endangered Species (167)
- Groundwater (96)
- Invasive Species (0)
- Wastewater (3)
- Wetlands (64)
- Natural Hazards (80)
- Floods (58)
- Hurricanes (39)
- Tornadoes (4)
- Weather (18)
- Non-Environmental (331)
- Economic Development (388)
- Education (52)
- Health (328)
- Real Estate Construction Housing (279)
- Transportation (304)
- Water (841)
- zContaminants (1)
- Arsenic (21)
- Asbestos (42)
- Cadmium (10)
- Dioxin (8)
- Flyash (6)
- Lead (52)
- Mercury (52)
- MTBE (24)
- Nitrogen/Nitrates (74)
- Nuclear (50)
- Oil/Gasoline/Benzene (149)
- Ozone (12)
- Particulates (28)
- PCBs (35)
- Perc, TCE (27)
- PVCs (2)
- Sulfur, SO2 (56)
- zLocation (0)
- Africa (94)
- Asia (273)
- Australia, New Zealand (120)
- Canada (101)
- Europe (507)
- Latin America (92)
- U.K. (218)
- U.S. (1154)
- Midwest (244)
- Northeast (72)
- Connecticut (32)
- Massachusetts (61)
- New Jersey (73)
- New York State (54)
- Long Island (21)
- New York City (88)
- Upstate (23)
- Westchester, Rockland, Putnam, Dutchess, Orange Counties (18)
- Pennsylvania (65)
- South (127)
- Florida (68)
- Southwest--AZ,TX,NM (41)
- Texas (46)
- TN,KY,AK (0)
- VA,WV,MD,DE (1)
- Washington DC (87)
- West (177)
- California (256)
- Colorado (47)
- Washington & Oregon (28)
- zType (2)
- Academic Study/Journal Article (2065)
- Book (74)
- Companies,CSR,Business,Finance (1151)
- Computer Software/Database (296)
- Conference/Meeting/Seminar (161)
- Contamination Cost (943)
- Cost-Benefit Analysis (407)
- Costs and Benefits (2250)
- Environmental Economics / Ecological Economics (671)
- Free Report at Time of Entry (22)
- Government Report (921)
- Legal, Fines (387)
- Multimedia -- Audio and/or Video (39)
- Newspaper/Mag/TV/Media Story (1765)
- Opinion (Not Likely Ours EV&CBN) (47)
- Press Release (May be biased) (157)
- Regulatory Analysis (1190)
- Research Institute NGO NonProfit (728)
- Savings (619)
- Theory (87)
- zzMethods (14)
- Contingent Valuation, Surveys,.. (256)
- Hedonic Analysis (89)
- Input/Output (32)
- Travel Cost Method (20)
Archives
- May 2008 (20)
- April 2008 (32)
- March 2008 (110)
- February 2008 (106)
- January 2008 (133)
- December 2007 (130)
- November 2007 (100)
- October 2007 (67)
- September 2007 (108)
- August 2007 (80)
- July 2007 (1)
- May 2007 (80)
- More...
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| << < | > >> | |||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | 31 |
Choose skin
Environmental Valuation & Cost-Benefit News
- 05/10/08: The Effect of Community Gardens on Neighboring Property Values [en-US]
- 05/10/08: Black Beauty Coal Co. to create new wetlands in Indiana as part of settlement with EPA [en-US]
- 05/10/08: Consumer Attitudes toward GM Food and Pesticide Residues in India [en-US]
- 05/10/08: Bicycle-Sharing Program to Be First of Kind in U.S. [en-US]
- 05/10/08: Watching water: A guide to evaluating corporate risks in a thirsty world [en-US]
- 05/10/08: Balancing risk and cost in fuzzy economic dispatch including wind power penetration based on particle swarm optimization [en-US]
- 05/10/08: EPA Advisory Committee Releases Environmental Technology Commercialization Report [en-US]
- 05/10/08: In China City, Protesters See Pollution Risk of New Plant [en-US]
- 05/08/08: A framework for valuing the health benefits of improved bathing water quality in the River Irvine catchment [en-US]
- 05/05/08: Resources For the Future Seminar: Legislation and Regulation Aren't Enough: Challenges in Implementation of Environmental Protection Statutes - Wednesday, May 7, 2008 [en-US]
- 05/05/08: How Can One Allocation Provision Undermine a Cap-and-Trade Program? Section 3902 of the Lieberman-Warner Bill Offers a Warning about Risks in the Allowance Allocation Debate [en-US]
- 05/05/08: Where Does Energy R&D Come From? A First Look at Crowding Out from Environmentally-Friendly R&D; U.S. EPA National Center for Environmental Economics Climate Seminar June 17, 2008 [en-US]
- 05/04/08: Confined Animal Feeding Operations Cost Taxpayers Billions, New Report Finds [en-US]
- 05/04/08: Video Available Resources For the Future Seminar: Curbing Electricity Demand: Who, How - April 9, 2008 [en-US]
- 05/04/08: Moderating effect of forest cover on the effect of proximity to chemical facilities on property values [en-US]
- 05/04/08: Hydrogen no longer a high cost solution to global warming: New ideas [en-US]
- 05/04/08: President Bush realigns hydrogen, fuel cell funding for fiscal 2009 [en-US]
- 05/04/08: A hydrogen energy system and prospects for reducing emissions of fossil fuels pollutants in the Ceará state—Brazil [en-US]
- 05/04/08: Hydropower in Turkey for a clean and sustainable energy future [en-US]
- 05/01/08: Dumb as We Wanna Be [en-US]
- 04/13/08: Energy Efficiency: The First Fuel for a Clean Energy Future: Resources for Meeting Maryland's Electricity Needs [en-US]
- 04/13/08: Should Greenhouse Gas Permits Be Allocated On a Per Capita Basis? [en-US]
- 04/13/08: Sticks and Carrots for the Design of International Climate Agreements with Renegotiations [en-US]
- 04/12/08: CoStar Study Finds Energy Star, LEED Buildings Outperform Peers: Demand in Marketplace for Sustainability Creates Higher Occupancy Rates, Stronger Rents and Sale Prices in 'Green' Buildings [en-US]
- 04/12/08: Happiness Research and Cost-Benefit Analysis [en-US]
- 04/12/08: Ecobusinesslinks.com Carbon Offset Survey [en-US]
- 04/12/08: Nudge [en-US]
- 04/12/08: Obesity Costs U.S. Companies as Much as $45 Billion a Year, The Conference Board Reports [en-US]
- 04/12/08: Feebates promoting energy-efficient cars: Design options to address more consumers and possible counteracting effects [en-US]
- 04/12/08: Autodesk Launches New Solutions for Building Information Modeling [en-US]
- More posts...
XML Feeds