How Does the Cost Vector Affect Payment Consequentiality in a Binary Choice Contingent Valuation Survey?
Pierre-Alexandre Mahieu (),
Romain Crastes Dit Sourd,
Pascal Gastineau,
Benoît Chèze and
Andrea Taylor
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Pierre-Alexandre Mahieu: LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université
Romain Crastes Dit Sourd: University of Leeds
Pascal Gastineau: AME-SPLOTT - Systèmes Productifs, Logistique, Organisation des Transports et Travail - Université Gustave Eiffel
Andrea Taylor: University of Leeds
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Abstract:
Payment consequentiality should improve the validity of welfare estimates in stated preference surveys according to a growing body of research. In this paper, we study whether the type of amounts (precision, parity) that composes the cost vector affects payment consequentiality. Our experiment consists in a binary choice survey on renewable energy where the cost amounts range between 0.5 and 25 euros. For small amounts, we find that precision increases payment consequentiality. For larger amounts, even numbers perform better than odd numbers. Our results suggest that the type of cost amount (e.g., even/odd, general/precise) should be carefully considered by the analyst.
Keywords: Contingent valuation; Consequentiality; Cost credibility; Renewable energy (search for similar items in EconPapers)
Date: 2024-05
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Citations: View citations in EconPapers (1)
Published in Land Economics, 2024, 100 (2), pp.245-255. ⟨10.3368/le.100.2.111821-0135R1⟩
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Journal Article: How Does the Cost Vector Affect Payment Consequentiality in a Binary Choice Contingent Valuation Survey? (2024) 
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04576167
DOI: 10.3368/le.100.2.111821-0135R1
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