PROTEST BIDDERS IN CONTINGENT VALUATION
John M. Halstead,
A.E. Luloff and
Thomas H. Stevens
Northeastern Journal of Agricultural and Resource Economics, 1992, vol. 21, issue 2, 10
Protest bids are often excluded during analysis of contingent valuation method data. It is suggested that this procedure might introduce significant bias. Protest bids are often registered by respondents who may actually place a higher- or lower-than-average value on the commodity in question but refuse to pay on the basis of ethical or other reasons. Exclusion of protest bids may therefore bias willingness to pay (WTP) results, but the direction of bias is indeterminate a priori.
Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
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