dc.contributor.author | Smith, G | |
dc.contributor.author | Day, B | |
dc.contributor.author | Bateman, IJ | |
dc.date.accessioned | 2019-05-02T08:56:03Z | |
dc.date.issued | 2019-04-27 | |
dc.description.abstract | Directly asking respondents in contingent valuation surveys their willingness-to-pay is one of the few quantitative methods available to assess full economic value (including both use and non-use values) of non-market environmental goods. It therefore remains vitally important to better understand the reasons for consistently observed violations of procedural invariance in such surveys. This paper describes an empirical experiment designed to examine whether uncertainty might provide an explanation for three commonly-observed violations of procedural invariance in contingent valuation. In each case we present a plausible explanation for each anomaly through decision heuristics brought about by respondents trying to answer the question truthfully when their underlying preferences are stable but uncertain. Using a novel semi-parametric estimator we find little evidence to support the idea that anomalies can be resolved through an uncertainty explanation but our experiment provides noteworthy insights into the ways uncertain preferences may be shaped by the nature of contingent valuation questions. | en_GB |
dc.identifier.citation | Published online 27 April 2019 | en_GB |
dc.identifier.doi | 10.1007/s10113-019-01501-y | |
dc.identifier.uri | http://hdl.handle.net/10871/36943 | |
dc.language.iso | en | en_GB |
dc.publisher | Springer | en_GB |
dc.rights.embargoreason | © The Author(s) 2019.
Open Access.
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. | en_GB |
dc.subject | Contingent Valuation | en_GB |
dc.subject | Anomalies | en_GB |
dc.subject | Uncertainty | en_GB |
dc.subject | stated preference | en_GB |
dc.subject | non-market goods | en_GB |
dc.subject | environmental goods | en_GB |
dc.title | Preference uncertainty as an explanation of anomalies in contingent valuation: coastal management in the UK | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2019-05-02T08:56:03Z | |
dc.identifier.issn | 1436-378X | |
dc.description | This is the final version. Available on open access from Springer via the DOI in this record | en_GB |
dc.identifier.journal | Regional Environmental Change | en_GB |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | en_GB |
dcterms.dateAccepted | 2019-04-07 | |
rioxxterms.version | VoR | en_GB |
rioxxterms.licenseref.startdate | 2019-04-07 | |
rioxxterms.type | Journal Article/Review | en_GB |
refterms.dateFCD | 2019-05-01T14:44:03Z | |
refterms.versionFCD | AM | |
refterms.dateFOA | 2019-05-02T08:56:09Z | |
refterms.panel | C | en_GB |