Going along with the crowd? The importance of group effects for environmental deliberative monetary valuation

Andrés Vargas Pérez and David Díaz Florian ()

Revista Cuadernos de Economia, 2017, vol. 36, issue 70, 75-94

Abstract: Deliberation is expected to enhance the validity and/or the democratic status of stated preference methods. Those objectives are challenged by the potential presence of group effects. Deference to the information publicly announced by others and social pressures to conformity hinder people’s ability to express reflective and independent preferences. Through a split sample contingent valuation survey, we tested whether participating in group discussion affects willingness to pay (WTP). We also test for the presence of group effects. Participants in group discussion stated a higher WTP, and we did not find evidence of group effects. These results are favorable to the deliberative project ***** La valoración deliberativa ha sido propuesta para mejorar la validez y el estatus democrático de los métodos de preferencias declaradas. La presencia de efectos grupales pone en duda la realización de estos objetivos. Falencias informativas y presiones sociales dificultan la expresión autónoma de preferencias. Se aplicó una encuesta de valoración contingente siguiendo un procedimiento cuasi-experimental con el propósito de estimar el efecto de la deliberación en la DAP y detectar la presencia de efectos grupales. Se observó una mayor DAP para los participantes en deliberación, la cual no estuvo acompanada de efectos grupales. Estos resultados son favorables a la deliberación.

Keywords: Deliberative monetary valuation; social conformity; public participation; willingness to pay. (search for similar items in EconPapers)
JEL-codes: D61 D63 Q50 Q51 Q57 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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