The "more is less" phenomenon in Contingent and Inferred valuation

Spiros Stachtiaris, Andreas Drichoutis and Stathis Klonaris ()

No 116013, 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland from European Association of Agricultural Economists

Abstract: 2011) using the Contingent valuation (CV) as well as the Inferred valuation (IV) method (Lusk and Norwood 2009b). We find that when moving in the context of a familiar market for consumers (i.e., the food market) we only observe weak effects of inconsistencies. In addition, we find that the IV method is no better (and no worse) than the CV method in generating more consistent preference orderings. Surprisingly, we also find that the IV method generates higher valuations than CV, rendering one of its advantages of mitigating social desirability bias questionable.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 12
Date: 2011-09-02
New Economics Papers: this item is included in nep-exp
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Working Paper: The “more is less” phenomenon in Contingent and Inferred valuation (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae11:116013

DOI: 10.22004/ag.econ.116013

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