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Moving beyond the contingent valuation versus choice experiment debate – Presentation effects in stated preference

Patrick Lloyd-Smith (), Ewa Zawojska and Wiktor Adamowicz ()

No 2018-14, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: We reexamine the literature comparing “contingent valuation” (“CV”) and “choice experiments” (“CEs”) in terms of stated preference design features, and empirically investigate an understudied dimension in these comparisons, namely presentation effects. Structured analysis of the literature suggests that the comparisons of “CV” and “CEs” as broad descriptive terms may mask the many design and methodological differences seen in implementations of the approaches. In the empirical component, we find preference disclosure to be unaffected by text and table presentation formats in elicitation tasks, except when only the first task is considered. Implications of our findings for stated preference research are discussed.

Keywords: stated preference; contingent valuation; choice experiment; presentation effects; induced-value experiment (search for similar items in EconPapers)
JEL-codes: Q51 D6 H4 C91 M31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-env and nep-exp
Date: 2018
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