Matching Grants and Public Goods: A Closed-Ended Contingent Valuation Experiment

J. Combs, Rickey Kirkpatrick, Jason Shogren and Joseph Herriges

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: Matching grants are commonly used to influence the bundle of public goods provided by governments. We design a contingent valuation experiment to determine the value individuals place on improved recreational facilities under a matching grant proposal. The experiment provides an opportunity to examine preferences given the public good exists in an active and well-defined market, and the valuation experiment is perceived as meaningful to public policy. We estimate a mean willingness-to-pay for park improvements of $8.30, far less than the implied tax increase of $21 provided by local politicians opposed to the project, but nearly doubled the actual tax increase for the average property owner.

Date: 1992-08
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Related works:
Journal Article: Matching Grants and Public Goods: a Closed-Ended Contingent Valuation Experiment (1993)
Working Paper: Matching Grants and Public Goods: A Closed-Ended Contingent Valuation Experiment (1993)
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:92-wp95

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