2003
DOI: 10.1016/s0095-0696(02)00017-7
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A criterion validity test of the contingent valuation method: comparing hypothetical and actual voting behavior for a public referendum

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Cited by 119 publications
(51 citation statements)
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“…The stylized fact from the broad literature is that there exists a positive and economically meaningful "hypothetical bias", whereby people tend to overstate their values in hypothetical settings (List and Gallett, 2001;Little and Berrens, 2004;Murphy, Stevens and Weatherhead, 2005). On the other hand, when the focus is put on consequentiality of the survey, the evidence supports the view that one-shot dichotomous choice stated preference methods possess criterion validity (Carson et al, 2004;Johnston, 2006;Landry and List, 2007;Vossler and Evans, 2009;Vossler and Kerkvliet, 2003). Furthermore some studies have identified behavior in consequential (but non-incentive compatible elicitation settings) that is consistent with mechanism design theory predictions (Bateman et al, 2008;Carson et al, 2004;Polomé, 2003).…”
Section: Introductionmentioning
confidence: 85%
“…The stylized fact from the broad literature is that there exists a positive and economically meaningful "hypothetical bias", whereby people tend to overstate their values in hypothetical settings (List and Gallett, 2001;Little and Berrens, 2004;Murphy, Stevens and Weatherhead, 2005). On the other hand, when the focus is put on consequentiality of the survey, the evidence supports the view that one-shot dichotomous choice stated preference methods possess criterion validity (Carson et al, 2004;Johnston, 2006;Landry and List, 2007;Vossler and Evans, 2009;Vossler and Kerkvliet, 2003). Furthermore some studies have identified behavior in consequential (but non-incentive compatible elicitation settings) that is consistent with mechanism design theory predictions (Bateman et al, 2008;Carson et al, 2004;Polomé, 2003).…”
Section: Introductionmentioning
confidence: 85%
“…24 See, e.g., Seip and Strand (1992), Sinden (1988), Kealy et al (1990), Shechter et al (1998), Foster et al (1997, Champ et al (1997), Ethier et al (2000), Byrnes et al (1999), Spencer et al (1998). 25 See, e.g., Taylor (1998), Cummings et al (1997), Taylor (1998), Vossler and Kerkvliet (2003).…”
Section: Interpreting Criterion Validity Studiesmentioning
confidence: 99%
“…We now turn to the empirical analysis, which first consists in estimating the WTP for digital music using a method for contingent valuation (Mitchell and Carson, 1989;Arrow et al, 1993) that is well known in environmental economics (Cameron and James, 1987;Vossler and Kerkvliet, 2003), and then consists in estimating the determinants of the decision to pirate digital music. Table 3 reports the marginal effect of each explanatory variable on whether respondents' are willing to purchase Flo Rida's "Right Round."…”
Section: Estimation Resultsmentioning
confidence: 99%