Is Referendum the Same as Dichotomous Choice Contingent Valuation?

Philippe Polome (), Anne van der Veen and Peter Geurts

Land Economics, 2006, vol. 82, issue 2, 174-188

Abstract: The NOAA Panel on contingent valuation (Arrow et al. 1993) recommends that the valuation question be cast under the form of a referendum because of incentive properties and familiarity to the respondent. Even though the literature has generally accepted the panel recommendation, it is not clear whether explicitly mentioning a referendum leads to different values than asking a dichotomous (yes/no) question without mentioning any voting process. The results of our specifically designed contingent valuation survey indicate that the estimated willingness to pay is significantly larger when a referendum is explicitly mentioned.

JEL-codes: Q51 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (5)

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