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  1. Contingent valuation and incentives

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    Author(s): Patricia A. Champ; Nicholas E. Flores; Thomas C. Brown; James Chivers
    Date: 2002
    Source: Land economics. 78(4): 591-604
    Publication Series: Miscellaneous Publication
    PDF: Download Publication  (209 KB)

    Description

    We empirically investigate the effect of the payment mechanism on contingent values by asking a willingness-to-pay question with one of three different payment mechanisms: individual contribution, contribution with provision point, and referendum. We find statistical evidence of more affirmative responses in the referendum treatment relative to the individual contribution treatment, some weak statistical evidence of more affirmative responses in the referendum treatment relative to the provision point treatment, and no statistical evidence of more affirmative responses in the provision point treatment relative to the individual contribution treatment. The relative credibility of the three payment mechanisms is also examined.

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    Citation

    Champ, Patricia A.; Flores, Nicholas E.; Brown, Thomas C.; Chivers, James. 2002. Contingent valuation and incentives. Land economics. 78(4): 591-604

    Keywords

    contingent valuation, willingness to pay, non-market benefits, incentives, referenda, open spaces

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