The payment scale format has been widely used in willingness-to-pay studies in health care. Concerns have been expressed that the format is, in theory, prone to range bias, although this proposition has not been tested directly. We report the findings of a contingent valuation questionnaire study of
β¦ LIBER β¦
Minimising Payment Vehicle Bias in Contingent Valuation Studies
β Scribed by M. D. Morrison; R. K. Blamey; J. W. Bennett
- Book ID
- 110263027
- Publisher
- Springer
- Year
- 2000
- Tongue
- English
- Weight
- 60 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0924-6460
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## Many contingent valuation experiments use commodity prices as the payment vehicle. In this note it is shown, in general, that this approach does not allow the investigator to extract the mspondent's willingness to pay. However, it is also shown how the valuation question can be formulated so as