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A general model of starting point bias in double-bounded dichotomous contingent valuation surveys
- Source :
-
Journal of Environmental Economics & Management . Sep2005, Vol. 50 Issue 2, p362-377. 16p. - Publication Year :
- 2005
-
Abstract
- This paper develops a general model that addresses the starting point bias in the dichotomous choice evaluation data by incorporating both the anchoring effect and yea-saying bias. The model is applied to a contingent valuation study that evaluated the health benefits of air quality improvement in three major metropolitan areas in Taiwan. The empirical evidence shows a strong anchoring effect but an insignificant yea-saying bias. The results show a serious understated willingness to pay if the biases in anchoring and yea-saying are not controlled. [ABSTRACT FROM AUTHOR]
- Subjects :
- *EMISSION standards
*ENVIRONMENTAL policy
*AIR quality
*CITIES & towns
*RESEARCH
Subjects
Details
- Language :
- English
- ISSN :
- 00950696
- Volume :
- 50
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Journal of Environmental Economics & Management
- Publication Type :
- Academic Journal
- Accession number :
- 18258857
- Full Text :
- https://doi.org/10.1016/j.jeem.2005.01.002