Experimental Evidence on Alternative Environmental Valuation Methods
Tóm tắt
Experimental methods are central to assessments of environmental valuation approaches that are operationally meaningful. Existing lab experiments focus attention sharply on the neglect of hypothetical bias. They also offer constructive solutions to correct this bias, and beg for validation in field experiments.
Tài liệu tham khảo
D. Aadland A. J. Caplan (2003) ArticleTitle‘Willingness to Pay for Curbside Recycling with Detection and Mitigation of Hypothetical Bias’ American Journal of Agricultural Economics 85 492–502 Occurrence Handle10.1111/1467-8276.00136
W. Adamowicz J. Louviere M. Williams (1994) ArticleTitle‘Combining Stated and Revealed Preference Methods for Valuing Environmental Amenities’ Journal of Environmental Economics and Management 26 271–292 Occurrence Handle10.1006/jeem.1994.1017
S. Afriat (1967) ArticleTitle‘The Construction of a Utility Function from Expenditure Data’ International Economic Review 8 67–77 Occurrence Handle10.2307/2525382
K. Arrow R. Solow P. Portney E. E. Leamer R. Radner H. Schuman (1993) ArticleTitle‘Report of the NOAA Panel on Contingent Valuation’ Federal Register 58 IssueID10 4602–4614
M. Blackburn G. W. Harrison E. E. Rutström (1994) ArticleTitle‘Statistical Bias Functions and Informative Hypothetical Surveys’ American Journal of Agricultural Economics 76 IssueID5 1084–1088 Occurrence Handle10.2307/1243396
K. Blumenschein M. Johannesson G. C. Blomquist B. Liljas R. M. O’Coner (1998) ArticleTitle‘Experimental Results on Expressed Certainty and Hypothetical Bias in Contingent Valuation’ Southern Economic Journal 65 169–177 Occurrence Handle10.2307/1061360
K. Blumenschein M. Johanneson K. K. Yokoyama P. R. Freeman (2001) ArticleTitle‘Hypothetical Versus Real Willingness to Pay in the Health Care Sector: Results from a Field Experiment’ Journal of Health Economics 20 441–457 Occurrence Handle10.1016/S0167-6296(01)00075-3
P. Bohm J. Lindén J. Sonnegård (1997) ArticleTitle‘Reservation Prices: Becker-DeGroot-Marschak Mechanisms vs. Markets’ Economic Journal 107 1079–1089 Occurrence Handle10.1111/1468-0297.00207
R. R. Boyce T. C. Brown G. H. McClelland G. Peterson W. D. Schulze (1989) ‘Experimental Evidence of Existence Value in Payment and Compensation Contexts’ K. J. Boyle T. Heekin (Eds) Western Regional Research Project W-133: Benefits and Costs in Natural Resources Planning, Interim Report 2 Department of Agricultural and Resource Economics University of Maine Orono
T. C. Brown I. Ajzen D. Hrubes (2003) ArticleTitle‘Further Tests of Entreaties to Avoid Hypothetical Bias in Referendum Contingent Valuation’ Journal of Environmental Economics and Management 46 IssueID2 353–361 Occurrence Handle10.1016/S0095-0696(02)00041-4
T. A. Cameron G. L. Poe R. G. Ethier W. D. Schulze (2002) ArticleTitle‘Alternative Non-market Value-Elicitation Methods: Are the Underlying Preferences the Same?’ Journal of Environmental Economics and Management 44 391–425 Occurrence Handle10.1006/jeem.2001.1210
F. Carlsson P. Martinsson (2001) ArticleTitle‘Do Hypothetical and Actual Marginal Willingness to Pay Differ in Choice Experiments?’ Journal of Environmental Economics and Management 41 179–192 Occurrence Handle10.1006/jeem.2000.1138
Carson, R. T. (1991), ‘Constructed Markets’, in J. B. Braden and C. K. Kolstad, eds., Measuring the Demand for Environmental Quality. Amsterdam: North-Holland.
Carson, R. T., W. M. Hanemann, J. A. Krosnick, R. C. Mitchell, S. Presser, P. A. Ruud and V. K. Smith (1998), ‘Referendum Design and Contingent Valuation: The NOAA Panel’s No-Vote Recommendation’, Review of Economics and Statistics 80(2), 335–338 (Reprinted with typographical corrections in Review of Economics and Statistics, 80(3))
Carson, R. T., R. C. Mitchell, W. M. Hanemann, R. J. Kopp, S. Presser and P. A. Ruud (1992), A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill. Anchorage: Attorney General of the State of Alaska
M. Coller M. B. Williams (1999) ArticleTitle‘Eliciting Individual Discount Rates’ Experimental Economics 2 107–127
R. G. Cummings S. Elliott G. W. Harrison J. Murphy (1997) ArticleTitle‘Are Hypothetical Referenda Incentive Compatible?’ Journal of Political Economy 105 IssueID3 609–621 Occurrence Handle10.1086/262084
R. G. Cummings G. W. Harrison (1994) ArticleTitle‘Was the Ohio Court Well Informed in Their Assessment of the Accuracy of the Contingent Valuation Method?’ Natural Resources Journal 34 IssueID1 1–36
Cummings, R. G., G. W. Harrison and L. L. Osborne (1995a), ‘Can the Bias of Contingent Valuation Be Reduced? Evidence from the Laboratory’, Economics Working Paper B-95-03, Division of Research, College of Business Administration, University of South Carolina (see http://www.bus.ucf.edu/gharrison/wp/)
Cummings, R. G., G. W. Harrison and L. L. Osborne (1995b), ‘Are Realistic Referenda Real?’ Economics Working Paper B-95-06, Division of Research, College of Business Administration, University of South Carolina (see http://www.bus.ucf.edu/gharrison/wp/)
R. G. Cummings G. W. Harrison E. E. Rutström (1995c) ArticleTitle‘Homegrown Values and Hypothetical Surveys: Is the Dichotomous Choice Approach Incentive Compatible?’ American Economic Review 85 IssueID1 260–266
R. G. Cummings L. O. Taylor (1998) ArticleTitle‘Does Realism Matter in Contingent Valuation Surveys?’ Land Economics 74 IssueID2 203–215 Occurrence Handle10.2307/3147051
R. G. Cummings L. O. Taylor (1999) ArticleTitle‘Unbiased Value Estimates for Environmental Goods: A Cheap Talk Design for the Contingent Valuation Method’ American Economic Review 89 IssueID3 649–665 Occurrence Handle10.1257/aer.89.3.649
D. A. Dillman (1978) Mail and Telephone Surveys: The Total Design Method Wiley New York
B. Fischoff (1991) ArticleTitle‘Value Elicitation. Is there Anything in There?’ American Psychologist 46 835–847 Occurrence Handle10.1037/0003-066X.46.8.835
B. Fischoff L. Furby (1988) ArticleTitle‘Measuring Values: A Conceptual Framework for Interpreting Transactions with Special Reference to Contingent Valuations of Visibility’ Journal of Risk and Uncertainty 1 147–184 Occurrence Handle10.1007/BF00056166
J. A. Fox J. F. Shogren D. J. Hayes J. B. Kliebenstein (1998) ArticleTitle‘CVM-X: Calibrating Contingent Values with Experimental Auction Markets’ American Journal of Agricultural Economics 80 455–465 Occurrence Handle10.2307/1244548
A. M. Freeman SuffixIII (1979) The Benefits of Environmental Improvement Johns Hopkins Press Baltimore
T. C. Haab J.-C. Huang J. C. Whitehead (1999) ArticleTitle‘Are Hypothetical Referenda Incentive Compatible? A Comment’ Journal of Political Economy 107 IssueID1 186–196 Occurrence Handle10.1086/250056
G. W. Harrison (1992) ArticleTitle‘Theory and Misbehavior of First-Price Auctions: Reply’ American Economic Review 82 1426–1443
G. W. Harrison R. L. Beekman L. B. Brown L. A. Clements T. M. McDaniel S. L. Odom M. Williams (1999) ‘Environmental Damage Assessment With Hypothetical Surveys: The Calibration Approach’ M. Boman R. Brännlund B. Kriström (Eds) Topics in Environmental Economics Kluwer Academic Press Amsterdam
G. W. Harrison R. M. Harstad E. E. Rutström (2004) ArticleTitle‘Experimental Methods and Elicitation of Values’ Experimental Economics 7 IssueID2 123–140 Occurrence Handle10.1023/B:EXEC.0000026975.48587.f0
G. W. Harrison M. I. Lau M. B. Williams (2002) ArticleTitle‘Estimating Individual Discount Rates for Denmark: A Field Experiment’ American Economic Review 92 IssueID5 1606–1617 Occurrence Handle10.1257/000282802762024674
G. W. Harrison M. I. Lau E. E. Rutström M. B. Sullivan (2005) ‘Eliciting Risk and Time Preferences Using Field Experiments: Some Methodological Issues’ J. Carpenter G. W. Harrison J. A. List (Eds) Field Experiments in Economics NumberInSeriesVolume 10 JAI Press, Research in Experimental Economics Greenwich, CT
G. W. Harrison J. C. Lesley (1996) ArticleTitle‘Must Contingent Valuation Surveys Cost So Much?’ Journal of Environmental Economics and Management 31 79–95 Occurrence Handle10.1006/jeem.1996.0033
G. W. Harrison J. A. List (2004) ArticleTitle‘Field Experiments’ Journal of Economic Literature 42 IssueID4 1013–1059 Occurrence Handle10.1257/0022051043004577
Harrison, G. W. and E. E. Rutström (2005), ‘Experimental Evidence on the Existence of Hypothetical Bias in Value Elicitation Methods’, in C. R. Plott and V. L. Smith, eds., Handbook of Experimental Economics Results. North-Holland: Amsterdam
R. M. Harstad (2000) ArticleTitle‘Dominant Strategy Adoption and Bidders’ Experience with Pricing Rules’ Experimental Economics 3 IssueID3 261–280
D. J. Hayes J. Shogren S. Y. Shin J. B. Kliebenstein (1995) ArticleTitle‘Valuing Food Safety in Experimental Auction Markets’ American Journal of Agricultural Economics 77 40–53 Occurrence Handle10.2307/1243887
D. Hensher J. Louviere J. D. Swait (1999) ArticleTitle‘Combining Sources of Preference Data’ Journal of Econometrics 89 197–221 Occurrence Handle10.1016/S0304-4076(98)00061-X
J. D. Hey (1995) ArticleTitle‘Experimental Investigations of Errors in Decision Making Under Risk’ European Economic Review 39 633–640 Occurrence Handle10.1016/0014-2921(09)40007-4
E. Hoffman D. J. Menkhaus D. Chakravarti R. A. Field G. D. Whipple (1993) ArticleTitle‘Using Laboratory Experimental Auctions in Marketing Research: A Case Study of New Packaging for Fresh Beef’ Marketing Science 12 IssueID3 318–338 Occurrence Handle10.1287/mksc.12.3.318
C. A. Holt S. K. Laury (2002) ArticleTitle‘Risk Aversion and Incentive Effects’ American Economic Review 92 IssueID5 1644–1655 Occurrence Handle10.1257/000282802762024700
Horowitz, J. K. (1991), ‘Discounting Money Payoffs: An Experimental Analysis’, Handbook of Behavioral Economics. Greenwich, CT: JAI Press, Inc., v. 2B, pp. 309–324
D. Imber G. Stevenson L. Wilks (1991) A Contingent Valuation Survey of the Kakadu Conservation Zone Australian Government Publishing Service for the Resource Assessment Commission Canberra
M. Johannesson G. C. Blomquist K. Blumenschein P.-O. Johansson B. Liljas R. M. O’Conner (1999) ArticleTitle‘Calibrating Hypothetical Willingness to Pay Responses’ Journal of Risk and Uncertainty 8 21–32 Occurrence Handle10.1023/A:1007708326467
D. Kahneman J. L. Knetsch R. H. Thaler (1990) ArticleTitle‘Experimental Tests of the Endowment Effect and the Coase Theorem’ Journal of Political Economy 98 1325–1348 Occurrence Handle10.1086/261737
J. H. Kagel R. M. Harstad D. Levin (1987) ArticleTitle‘Information Impact and Allocation Rules in Auctions with Affiliated Private Values: A Laboratory Study’ Econometrica 55 1275–1304 Occurrence Handle10.2307/1913557
J. A. Krosnick A. L. Holbrook M. K. Berent R. T. Carson W. M. Hanemann R. J. Kopp R. C. Mitchell S. Presser P. A. Ruud V. K. Smith W. R. Moody M. C. Green M. Conaway (2002) ArticleTitle‘The Impact of ‘No Opinion’ Response Options on Data Quality: Non-Attitude Reduction or an Invitation to Satisfice?’ Public Opinion Quarterly 66 371–403 Occurrence Handle10.1086/341394
M. Kurz (1974) ArticleTitle‘Experimental Approach to the Determination of the Demand for Public Goods’ Journal of Public Economics 3 329–348 Occurrence Handle10.1016/0047-2727(74)90004-8
J. A. List (2001) ArticleTitle‘Do Explicit Warnings Eliminate the Hypothetical Bias in Elicitation Procedures? Evidence from Field Auctions for Sportscards’ American Economic Review 91 IssueID5 1498–1507 Occurrence Handle10.1257/aer.91.5.1498
J. A. List R. P. Berrens A. K. Bohara J. Kerkvliet (2004) ArticleTitle‘Examining the Role of Social Isolation on Stated Preferences’ American Economic Review 94 IssueID3 741–752 Occurrence Handle10.1257/0002828041464614
J. A. List J. F. Shogren (1998) ArticleTitle‘Calibration of the Differences Between Actual and Hypothetical Valuations in a Field Experiment’ Journal of Economic Behavior and Organization 37 193–205 Occurrence Handle10.1016/S0167-2681(98)00084-5
J. A. List J. F. Shogren (1999) ArticleTitle‘Price Signals and Bidding Behavior in Second-Price Auctions with Repeated Trials’ American Journal of Agricultural Economics 81 942–929 Occurrence Handle10.2307/1244336
J. A. List J. F. Shogren (2002) ArticleTitle‘Calibration of Willingness-to-Accept’ Journal of Environmental Economics and Management 43 IssueID2 219–233 Occurrence Handle10.1006/jeem.2000.1182
G. Loomes C. Starmer R. Sugden (2003) ArticleTitle‘Do Anomalies Disappear in Repeated Markets?’ Economic Journal 113 C153–C166 Occurrence Handle10.1111/1468-0297.00108
J. Loomis T. Brown B. Lucero G. Peterson (1996) ArticleTitle‘Improving Validity Experiments of Contingent Valuation Methods: Results of Efforts to Reduce the Disparity of Hypothetical and Actual Willingness to Pay’ Land Economics 72 IssueID4 450–461 Occurrence Handle10.2307/3146908
J. Loomis A. Gonzalez-Caban R. Gregory (1994) ArticleTitle‘Do Reminders of Substitutes and Budget Constraints Influence Contingent Valuation Estimates?’ Land Economics 70 499–506 Occurrence Handle10.2307/3146643
J. J. Louviere D. A. Hensher J. D. Swait (2000) Stated Choice Methods: Analysis and Application Cambridge University Press New York
J. L. Lusk T. C. Schroeder (2004) ArticleTitle‘Are Choice Experiments Incentive Compatible? A Test with Quality Differentiated Beef Steaks’ American Journal of Agricultural Economics 86 IssueID2 467–482 Occurrence Handle10.1111/j.0092-5853.2004.00592.x
McClelland, G., W. Schulze, D. Waldman, J. Irwin and D. Schenk (1991), ‘Sources of Error in Contingent Valuation’, Unpublished Manuscript, Department of Economics, University of Colorado at Boulder
P. R. Milgrom R. J. Weber (1982) ArticleTitle‘A Theory of Auctions and Competitive Bidding’ Econometrica 50 IssueID5 1089–1122 Occurrence Handle10.2307/1911865
R. C. Mitchell R. T. Carson (1989) Using Surveys to Value Public Goods: The Contingent Valuation Method Johns Hopkins Press Baltimore
Murphy, J. J., T. Stevens and D. Weatherhead (2003), ‘An Empirical Study of Hypothetical Bias in Voluntary Contribution Contingent Valuation: Does Cheap Talk Matter?’, Unpublished Manuscript, Department of Resource Economics, University of Massachusetts
S. W. Nape P. Frykblom G. W. Harrison J. C. Lesley (2003) ArticleTitle‘Hypothetical Bias and Willingness to Accept’ Economic Letters 78 IssueID3 423–430 Occurrence Handle10.1016/S0165-1765(02)00250-1
National Oceanic and Atmospheric Administration (1992), ‘Contingent Valuation Panel, Public Meeting, Wednesday, August 12, 1992’, Certified Official Transcript, 283 pp. plus attachments, Department of Commerce, Washington, DC
National Oceanographic and Atmospheric Administration (1994a), ‘Proposed Rules for Valuing Environmental Damages’, Federal Register 59(5), 1062–1191
National Oceanic and Atmospheric Administration (1994b), ‘Natural Resource Damage Assessments; Proposed Rules’, Federal Register 59(85) (Part II)
H. R. Neill R. G. Cummings P. T. Ganderton G. W. Harrison T. McGuckin (1994) ArticleTitle‘Hypothetical Surveys, Provision Rules and Real Economic Commitments’ Land Economics 70 IssueID2 145–154 Occurrence Handle10.2307/3146318
Rowe, R. D., W. D. Schulze, W. D. Shaw, D. Schenk and L. G. Chestnut (1991), ‘Contingent Valuation of Natural Resource Damage Due to the Nestucca Oil Spill’, Final Report RCG/Hagler, Bailly, Inc., Boulder
E. E. Rutström (1998) ArticleTitle‘Home-Grown Values and the Design of Incentive Compatible Auctions’ International Journal of Game Theory 27 IssueID3 427–441 Occurrence Handle10.1007/s001820050082
P. A. Samuelson (1938) ArticleTitle‘A Note on the Pure Theory of Consumer’s Behavior’ Economica 5 IssueID17 61–71 Occurrence Handle10.2307/2548836
Schkade, D. A. and J. W. Payne (1993), ‘Where Do the Numbers Come From? How People Respond to Contingent Valuation Questions’, in J. Hausman, ed., Contingent Valuation: A Critical Appraisal. Amsterdam: North-Holland
Shogren, J. F. (2004), ‘Experimental Methods and Valuation’, in K.-G. Mäler and J. Vincent, eds., Handbook of Environmental Economics. Volume 2: Valuing Environmental Changes. Amsterdam: North-Holland
J. F. Shogren S. Y. Shin D. J. Hayes J. B. Kliebenstein (1994) ArticleTitle‘Resolving Differences in Willingness to Pay and Willingness to Accept’ American Economic Review 84 IssueID1 255–270
V. K. Smith (1990) ArticleTitle‘Can We Measure the Economic Value of Environmental Amenities?’ Southern Economic Journal 56 865–887 Occurrence Handle10.2307/1059877
V. K. Smith (1992) ArticleTitle‘Arbitrary Values, Good Causes, and Premature Verdicts’ Journal of Environmental Economics and Management 22 71–89 Occurrence Handle10.1016/0095-0696(92)90020-W
V. L. Smith (1982) ArticleTitle‘Microeconomic Systems as an Experimental Science’ American Economic Review 72 IssueID5 923–955
Svedsäter, H. and O. Johansson-Stenman (2001), ‘Choice Experiments and Self Image: Hypothetical and Actual Willingness To Pay’, Unpublished Manuscript, Department of Economics, Gothenburg University
J. Swait J. Louviere (1993) ArticleTitle‘The Role of the Scale Parameter in the Estimation and Comparison of Multinomial Logit Models’ Journal of Marketing Research 30 305–314 Occurrence Handle10.2307/3172883
H. R. Varian (1982) ArticleTitle‘The Nonparametric Approach to Demand Analysis’ Econometrica 50 945–973 Occurrence Handle10.2307/1912771
H. R. Varian (1983) ArticleTitle‘Non-Parametric Tests of Consumer Behavior’ Review of Economic Studies 50 99–110 Occurrence Handle10.2307/2296957