Contingent valuation method and the changeover to the euro: an empirical application*
Pierre-Alexandre Mahieu () and
Revue d'économie régionale et urbaine, 2012, vol. 2010, issue 05, 987-1000
Several countries may adopt the euro in the near future. Whether the change of currency may lead to different responses in non-market valuation surveys remains an open question. A contingent valuation application was carried out shortly after the changeover to the euro in Spain, with half of the participants being assigned a payment card in euro and the other half in pesetas. Results show that higher amounts were stated in euro than in pesetas, which is consistent with the “euro illusion” hypothesis, a phenomenon observed in experiments involving market goods, in which people have the tendency to bid higher amounts for the currency having a lower nominal value.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.necplus.eu/abstract_S0180730710005087 link to article abstract page (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nec:rerurb:v:2010:y:2012:i:05:p:987-1000_00
Access Statistics for this article
More articles in Revue d'économie régionale et urbaine from Editions NecPlus 16, Rue Claude Tillier 75012 Paris, FRANCE.
Bibliographic data for series maintained by Jean-Louis Soubret ().