Elicitation Format and Part-Whole Bias: Do Dichotomous Choice Contingent Valuation Surveys and Stated Preference Experiments Give the Same Results ?

Abstract

This paper undertakes a systematic comparison of the contingent valuation (CV) and stated preference (SP) methods, and investigates the extent to which either of them are affected by partwhole bias. This is achieved by undertaking separate CV estimates of willingness to pay for two nested public goods, both of which are explicitly included in a parallel SP… (More)

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