Starting Point Bias in Contingent Valuation Bidding Games

Kevin Boyle, Richard C. Bishop and Michael P. Welsh

No 278973, 1984 Annual Meeting, August 5-8, Ithaca, New York from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A test for starting point bias in the iterative bidding format of contingent valuation studies is developed in this paper. The test is applied to the data from three contingent valuation studies and to the data from a simulated market study. Starting point bias was found to be a problem in all three contingent valuation studies. A starting point problem did not exist in the simulated market suggesting that starting point bias may be an artifact of hypothetical markets. The validity of using bidding games with fixed starting bids is evaluated.

Keywords: Agribusiness; Agricultural Finance; Marketing (search for similar items in EconPapers)
Pages: 23
Date: 1984-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/278973/files/aaea-1984-045.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea84:278973

DOI: 10.22004/ag.econ.278973

Access Statistics for this paper

More papers in 1984 Annual Meeting, August 5-8, Ithaca, New York from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().