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Identifying the warm glow effect in contingent valuation

✍ Scribed by Paulo A.L.D Nunes; Erik Schokkaert

Book ID
117272961
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
169 KB
Volume
45
Category
Article
ISSN
0095-0696

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## Abstract Criticism of contingent valuation (CV) stresses warm glow and free‐riding as possible causes for biased willingness to pay figures. We present an empirical framework to study the existence of warm glow and free‐riding in hypothetical WTP answers based on a CV survey for the measurement