Does Realism Matter in Contingent Valuation Surveys?
Ronald G. Cummings and
Laura Taylor ()
Land Economics, 1998, vol. 74, issue 2, 203-215
The importance of stressing the realism or policy relevance of a contingent valuation (CV) survey is commonly recognized by CV researchers. This paper focuses on the relationship between the probability that a subject's response will result in "real" consequences and the subject's accurate reporting of willingness to pay. Results from experiments support the argument that efforts to make contingent valuation surveys "real" are important. However, our results also suggest that the connection between the survey and the likelihood of a payment must be rather powerful before surveys generate accurate reporting of willingness to pay for a public good.
JEL-codes: Q26 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (54) 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:74:y:1998:i:2:p:203-215
Access Statistics for this article
More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().