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Calibration of Stated Willingness to Pay for Public Goods with Voting and Tax Liability Data: Provision of Landscape Amenities in Switzerland

Nick Hanley () and Felix Schläpfer

Working Papers from Business School - Economics, University of Glasgow

Abstract: Controversy remains over the degree of hypothetical bias in contingent valutation method (CVM) estimates of values for public goods, especially for public goods with significant passive-use values. This paper uses an 'indifferent voter' approach to calibrate stated WTP for a proposed public good increase with actual WTP implied by voting and tax liability data. Our data are from a CVM survey and an actual voting decision on propositions to increase public funds for landscape amenities protection in the canton of Zurich, Switzerland.

Keywords: contingent valuation; indifferent voter; median voter theorem; referendum; valuation (search for similar items in EconPapers)
JEL-codes: Q21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm and nep-res
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