Payment Certainty in Discrete Choice Contigent Valuation Responses: Results from a Field Validity Test Report as inadecuate




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Two methods for calibrating discrete choice contingent valuation responses – the dichotomous choice with followupcertainty question method of Champ et al. (1997) and the multiple bounded method of Welsh and Poe (1998) –are evaluated using data from a field validity comparison of hypothetical and actual participation decisions in agreen electricity pricing program. Both calibration methods can produce hypothetical participation levels thatclosely correspond with actual program participation rates. However, the two methods demonstrate proceduralvariance as they yield significantly different underlying distributions of willingness to pay.

Subject(s): Research Methods/ Statistical Methods

Issue Date: 2001-11

Publication Type: Working or Discussion Paper

PURL Identifier: http://purl.umn.edu/127668

Total Pages: 33

Series Statement: WP

2001-21

Record appears in: Cornell University > Department of Applied Economics and Management > Working Papers





Author: Ethier, Robert G. ; Poe, Gregory L. ; Vossler, Christian A. ; Welsh, Michael P.

Source: http://ageconsearch.umn.edu/record/127668?ln=en







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