Mind the Gap: Stated versus Revealed Donations and the Differential Role of Behavioral Factors

Jetske Bouma and M. J. Koetse

Land Economics, 2019, vol. 95, issue 2, 225-245

Abstract: This paper uses a contingent valuation study and an actual donation request to assess the impact of behavioral factors on hypothetical bias in stated willingness-to-pay estimates. Our findings indicate that both the number of respondents willing to donate and the amount they are willing to donate differ substantially between treatments. Behavioral factors play a substantial and significant role; in particular, the extent of warm glow derived from giving and expectations about other people’s behavior increase the extent of hypothetical bias in stated willingness-to-pay estimates. We suggest ways in which this may be incorporated in future contingent valuation study design.

JEL-codes: Q51 (search for similar items in EconPapers)
Date: 2019
Note: DOI: 10.3368/le.95.2.225
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:95:y:2019:i:2:p:225-245

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