DIFFERENCES BETWEEN CONTINUOUS AND DISCRETE CONTINGENT VALUE ESTIMATES

Citation
Rc. Ready et al., DIFFERENCES BETWEEN CONTINUOUS AND DISCRETE CONTINGENT VALUE ESTIMATES, Land economics, 72(3), 1996, pp. 397-411
Citations number
34
Categorie Soggetti
Economics,"Environmental Studies
Journal title
ISSN journal
00237639
Volume
72
Issue
3
Year of publication
1996
Pages
397 - 411
Database
ISI
SICI code
0023-7639(1996)72:3<397:DBCADC>2.0.ZU;2-D
Abstract
In a split-sample contingent valuation study of willingness to pay (WT P) for food safety improvements, the dichotomous choice (DC) elicitati on method consistently generated much larger estimates of WTP than did a continuous method. Little or none of these differences was due to b ias introduced by the statistical techniques used with the DC data. Mo st or all of the difference was due to differences in respondent behav ior. In addition, the continuous WTP responses showed a significant sc ope effect while the DC responses did not. The observed difference in behavior may be attributable in part to yea-saying by DC respondents.