Calibrating Dissimilar Payment Vehicles in Contingent Valuation Studies: An Example of Reducing Hydrilla in Two North Florida Spring-Fed River Systems

Victoria Thomas and Michael H. Thomas

No 143801, 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida from Southern Agricultural Economics Association

Abstract: Choice of payment vehicle (PV) is important to contingent-valuation practitioners. They are often left using scenarios that may elicit bias responses; for example hypothetical gate fees in open access areas. Utility bills may avoid bias, but introduce a scaling problem. A survey of north-Florida spring-based recreation calibrates these two dissimilar PVs.

Keywords: Agribusiness; Environmental Economics and Policy (search for similar items in EconPapers)
Date: 2013-02-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea13:143801

DOI: 10.22004/ag.econ.143801

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