Valuations of Transport Nuisances and Cognitive Biases: A Survey Laboratory Experiment in the Pyrenees Region

Laurent Denant-Boèmont (), Javier Faulin, Sabrina Hammiche () and Adrian Serrano-Hernandez
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Laurent Denant-Boèmont: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
Javier Faulin: UPNA - Universidad Pública de Navarra [Espagne] = Public University of Navarra
Sabrina Hammiche: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
Adrian Serrano-Hernandez: UPNA - Universidad Pública de Navarra [Espagne] = Public University of Navarra

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Abstract: We designed a survey that aims at estimating individual willingness-to-pay to reduce noise and air pollution arising from transportation activity near the Pyrenees in Navarre (Spain). Our participants cope with a series of contingent valuation questions and also with an economic experiment with real incentives about the same topic. Our goal is to identify several methodological problems in the valuation process coming from hypothetical bias, correlation effect and sequence effect when series of responses are requested. Our main results are that hypothetical bias is significant, because the willingness-to-pay is greater when the survey is hypothetical compared to when there is real monetary incentive. Likewise, the correlation effect also observes the same behavior since the willingness-to-pay for pollution mitigation is close to the one established for noise reduction. Finally, we have obtained mixed evidence for the sequence effect, being present only in the contingent valuation survey part.

Keywords: Willingness-to-pay; Transport externality; Pollution; Cognitive bias; Laboratory economic experiment; Transportation (search for similar items in EconPapers)
Date: 2022-02
New Economics Papers: this item is included in nep-dcm, nep-env, nep-exp, nep-neu, nep-res and nep-tre
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Published in Environmental Modeling & Assessment, 2022, 27 (1), pp.155-170. ⟨10.1007/s10666-021-09773-7⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03476849

DOI: 10.1007/s10666-021-09773-7

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