An experimental test of response consistency in contingent valuation

Camacho-Cuena, Eva; Garcı́a-Gallego, Aurora; Georgantzı́s, Nikolaos; Sabater-Grande, Gerardo

doi:10.1016/s0921-8009(03)00192-7

Cited by 7 publications

(8 citation statements)

References 13 publications

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“…This is true both for studies exploring intention to buy and willingness to pay for fish products. In this respect, contingent valuation studies from the field of experimental economics can offer insights on how to by-pass hypothetical bias in willingness to pay (Camacho-Cuena, García-Gallego, Georgantzís, & Sabater-Grande, 2003;Lusk & Shogren, 2007). Thus more research should be conducted to bridge the intention-behaviour gap as intention is not always translated into behaviour (McEachan, Conner, Taylor, & Lawton, 2011;Webb & Sheeran, 2006).…”

Section: Discussionmentioning

confidence: 99%

Consumer purchasing behaviour towards fish and seafood products. Patterns and insights from a sample of international studies

et al. 2015

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Section: Discussionmentioning

confidence: 99%

Consumer purchasing behaviour towards fish and seafood products. Patterns and insights from a sample of international studies

et al. 2015

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“…Although this willingness to pay is elicited through a hypothetical question, experimental tests of this specific instrument have proved its reliability. In fact, Camacho-Cuena et al [25,26] showed that-though potential distortions may emerge compared to a real-incentive elicitation instrument-the measurement bias at an aggregate level is not significant. An alternative method consists in asking the willingness to accept a price against quality improvement.…”

Section: Methodsmentioning

confidence: 99%

“…The second individual trait that we examine is attendees' willingness to pay for a quality increase in the cultural good (see [23,24]). We elicit it through a hypothetical question commonly asked in the contingent valuation literature to assess the value of a non-market good (see [25][26][27]). Here, we are not interested in assessing the economic value attached to the festival by participants.…”

Section: A Simple Model Of Privatization Choicementioning

confidence: 99%

Privatization of a Tourism Event: Do Attendees Perceive it as a Risky Cultural Lottery?

et al. 2019

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Individuals might have different views about the benefits and the costs of privatizing a cultural event. On the one hand, privatization may increase the quality of the event due to expanding investments. On the other hand, it may lead to the dissipation of important cultural and traditional connotations. Since benefits and costs are uncertain, we frame an individual's choice regarding privatization as a lottery choice, where risk aversion and other individual traits play a role. We empirically investigate attendees' preferences for privatizing a mass gathering festival in Italy. The festival is attended by almost 100,000 tourists each year. Over a three-year period, we collected a large dataset of survey questions. We find that willingness to accept privatization is decreasing in tourists' risk aversion, while it is increasing in their sensitivity to the festival's quality. Cultural tourists perceive a higher risk of commodification in the case of privatization. Authenticity-seeking tourists act as gatekeepers of the genuine roots of local traditions. They demand original values, ultimately contributing to the festival's cultural sustainability. The purpose of attracting visitors is in fact commonly assumed to alter local culture, resulting in a staged authenticity; and privatization of cultural goods is often associated with commodification.

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“…In this case, a portion of the sample did not see substantial benefits with the policy change, but the rest is willing to pay considerable amounts to keep preserving the ecosystem watershed. There have been various studies debating about which measure should be used in contingent valuation studies [34][35][36][37]. The mean is very sensitive to the right tail of the distribution; that is, to responses of higher bidders [35].…”

Section: Number Of Observations 242mentioning

confidence: 99%

Valuing Watershed Services in Mexico’s Temperate Forests

Kim¹,

Návar-Cháidez²,

Pérez-Verdín³

et al. 2011

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Water resources are highly valuable in arid, semiarid, or high-altitude areas where the sources are restricted to groundwater or flash floods occurred in short periods of time. In this paper, we present a case study where water is economically valued through nonmarket valuation techniques. A follow-up review of similarlyconducted case studies in Mexico was carried out to evaluate the potential relationships that elevation, moisture index, and human development index have over the economic value of water. The main factors influencing the value of water in our case study were income, education, age, and family size. Bivariate correlations of the case studies in the country suggest that there is no a significant relationship between water value and elevation, although there is some relationship between water value, moisture index, and the human development index. Dryer areas and more developed communities tend to pay more for an improvement in current water resources conditions. These results can help decision-makers to consider regional policies aimed to improve water management conditions in semiarid and less-developed communities in Mexico.

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An experimental test of response consistency in contingent valuation

Cited by 7 publications

References 13 publications

Consumer purchasing behaviour towards fish and seafood products. Patterns and insights from a sample of international studies

Consumer purchasing behaviour towards fish and seafood products. Patterns and insights from a sample of international studies

Privatization of a Tourism Event: Do Attendees Perceive it as a Risky Cultural Lottery?

Valuing Watershed Services in Mexico’s Temperate Forests

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