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A comparison of stated preference methods for estimating monetary values

โœ Scribed by Mandy Ryan


Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
98 KB
Volume
13
Category
Article
ISSN
1057-9230

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โœฆ Synopsis


Abstract

This paper presents a comparison of willingness to pay (WTP) estimates generated from a dichotomous choice (DC) contingent valuation experiment and a choice experiment (CE). The study was conducted with subjects undergoing assisted reproductive techniques in the Grampian area of Scotland. Subjects first completed a DC WTP questionnaire. They were sent a CE questionnaire two months later. Welfare estimates for the DC WTP study and CE were not significantly different. Important research questions are raised concerning the validity of the various approaches to estimating WTP. Copyright ยฉ 2003 John Wiley & Sons, Ltd.


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