Is Willingness to Pay for a Public Good Sensitive to the Elicitation Format?

Patricia A. Champ and Richard C. Bishop

Land Economics, 2006, vol. 82, issue 2, 162-173

Abstract: This study uses actual payments toward the provision of a public good to compare dichotomous choice and payment card formats. The public good in question is the environmental improvement from wind generation of electric power. We find that willingness-to-pay estimates vary with the elicitation format. Based on this result, we argue that elicitation effects found in contingent valuation studies may not be due the hypothetical nature of decision-making, as has been suggested in previous studies.

JEL-codes: H41 Q51 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (34)

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