Evaluating the Effect of Alternative Risk Communication Devices on Willingness to Pay: Results from a Dichotomous Choice Contingent Valuation Experiment
John Loomis and
Pierre H. duVair
Land Economics, 1993, vol. 69, issue 3, 287-298
Two versions of a contingent valuation questionnaire that differ only in the device used to communicate risks from hazardous waste were sent to California households. Both risk communication devices provide WTP functions which vary in a statistically significant fashion with the absolute risk reduction. However, these empirical results also demonstrate that different risk communication devices produce statistically different logit equations and hence estimates of willingness to pay (WTP) for reductions in exposure to hazardous waste. The pros and cons of using each risk communication device in CVM surveys is also discussed.
References: Add references at CitEc
Citations: View citations in EconPapers (32) Track citations by RSS feed
Downloads: (external link)
A subscripton is required to access pdf files. Pay per article is available.
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:uwp:landec:v:69:y:1993:i:3:p:287-298
Access Statistics for this article
More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().