Is Referendum the Same as Dichotomous Choice Contingent Valuation?

Philippe Polome, A. van der Veen, Petrus A.T.M. Geurts

Research output: Contribution to journalArticleAcademicpeer-review

5 Citations (Scopus)

Abstract

The NOAA Panel on contingent valuation (Arrow et al. 1993) recommends that the valuation question be cast under the form of a referendum because of incentive properties and familiarity to the respondent. Even though the literature has generally accepted the panel recommendation, it is not clear whether explicitly mentioning a referendum leads to different values than asking a dichotomous (yes/no) question without mentioning any voting process. The results of our specifically designed contingent valuation survey indicate that the estimated willingness to pay is significantly larger when a referendum is explicitly mentioned.
Original languageEnglish
Pages (from-to)174-188
Number of pages15
JournalLand economics
Volume82
Issue number2
DOIs
Publication statusPublished - 2006

Keywords

  • METIS-231989

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