In recent years, there has been a growing interest in the contingent valuation method for measurement of monetary values of various commodities. However, the validity and reliability of the method need to be examined thoroughly. This paper reports results of a test of scope and question order effect
✦ LIBER ✦
Contingent valuation with an open-ended follow-up question: a test of scope effects
✍ Scribed by Bernt Kartman; Nils-Olov Stålhammar; Magnus Johannesson
- Publisher
- John Wiley and Sons
- Year
- 1997
- Tongue
- English
- Weight
- 44 KB
- Volume
- 6
- Category
- Article
- ISSN
- 1057-9230
No coin nor oath required. For personal study only.
✦ Synopsis
It has been suggested that an open-ended follow-up question should be added to the binary contingent valuation question. Before this is generally recommended, it is important to evaluate the properties of such follow-up questions. Using a split sample approach, we test whether the open-ended follow-up is sensitive to the scope of the commodity being valued. No significant scope effects were detected. It is concluded that the results obtained do not support the use of an open-ended follow-up in contingent valuation applications.
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Bernt Kartman; Nils-Olov Stålhammar; Magnus Johannesson
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Article
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1996
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John Wiley and Sons
🌐
English
⚖ 888 KB