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	Provedor de dados AgEcon (1) Autor Florkowski, Wojciech J. (1) He, Senhui (1) Jordan, Jeffrey L. (1) Palavra-chave Consumer/Household Economics (1) Contingent valuation (1) Elicitation format (1) Irrational responses (1) Willingness to pay (1) Tipo do documento Conference Paper or Presentation (1) Ano 2002 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Irrational Responses in Contingent Valuation and Their Potential Impacts on Mean Stated Willingness-to-pay AgEcon He, Senhui; Florkowski, Wojciech J.; Jordan, Jeffrey L.. This paper addresses the issue of rationality of responses in contingent valuation. We found a significant portion of respondents stated a positive willingness-to-pay for a project they perceived to be worthless. The irrational responses had a significant impact on the mean stated willingness-to-pay and the effect can not be removed by simply excluding the those observations from estimation. The dichotomous-choice elicitation format helps to mitigate the effect of the irrational responses, but can not completely solve the problem. Tipo: Conference Paper or Presentation Palavras-chave: Contingent valuation; Elicitation format; Irrational responses; Willingness to pay; Consumer/Household Economics. Ano: 2002 URL: http://purl.umn.edu/24914 Registros recuperados: 1 Primeira ... 1 ... Última

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