IDEAS home Printed from https://ideas.repec.org/a/kap/enreec/v3y1993i6p533-543.html
   My bibliography  Save this article

Some notes on trichotomous choice discrete valuation

Author

Listed:
  • Rauli Svento

Abstract

For some respondents, the bid offered by the dichotomous choice format used in the discrete choice technique can in fact be the true optimum. In this case the correct answer is neither ‘yes’ or ‘no’, but ‘indifferent’. We shall show results from a trichotomous choice format and analyse whether it produces welfare measures with narrower confidence intervals than the dichotomous technique. Another well known problem in contingent valuation (CV) studies is that the volume of the good to be purchased from hypothetical markets is not, in many cases, defined in precise terms. We show how the trichotomous choice technique can be used to test for possible vagueness in the volume of the project to be valued. Copyright Kluwer Academic Publishers 1993

Suggested Citation

  • Rauli Svento, 1993. "Some notes on trichotomous choice discrete valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(6), pages 533-543, December.
    • Handle: RePEc:kap:enreec:v:3:y:1993:i:6:p:533-543
    DOI: 10.1007/BF00364058
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/BF00364058
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/BF00364058?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Per-Olov Johansson & Bengt Kriström & Karl Göran Mäler, 1989. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Response Data: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 1054-1056.
    2. W. Michael Hanemann, 1984. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 332-341.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nick Hanley & Bengt Kristrom, "undated". "What’s it worth? Exploring value uncertainty using interval questions in Contingent Valuation," Working Papers 2002_10, Business School - Economics, University of Glasgow.
    2. Rauli Svento, 1999. "On the Asymmetry of the Vagueness Band in Willingness to Pay Answers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(1), pages 151-163, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yoonae Jo, 2001. "Does college education nourish egoism?," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 4(2), pages 115-128, June.
    2. Mukhopadhaya, Kaushik & Adhikari, Bishwa B. & Mumma, Gerald A. & Teisl, Mario F., 2004. "Consumers' Willingness To Pay For Food Safety: A Pathogen Specific Analysis," 2004 Annual meeting, August 1-4, Denver, CO 20064, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. J. Paul Combs & Rickey C. Kirkpatrick & Jason F. Shogren & Joseph A. Herriges, 1993. "Matching Grants and Public Goods: a Closed-Ended Contingent Valuation Experiment," Public Finance Review, , vol. 21(2), pages 178-195, April.
    4. Boyle, Kevin J., 1990. "Dichotomous-Choice, Contingent-Valuation Questions: Functional Form Is Important," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(2), pages 1-7, October.
    5. Haab, Timothy C. & McConnell, Kenneth E., 1997. "Referendum Models and Negative Willingness to Pay: Alternative Solutions," Journal of Environmental Economics and Management, Elsevier, vol. 32(2), pages 251-270, February.
    6. Richard D. Smith, 2000. "The Discrete-choice Willingness-to-pay Question Format in Health Economics:," Medical Decision Making, , vol. 20(2), pages 194-204, April.
    7. Galina Williams, 2015. "Households Willingness to Pay for the Emissions Reduction Policy, Queensland, Australia," SAGE Open, , vol. 5(3), pages 21582440156, September.
    8. Nigora Baymuminova & Guljakhon Shermukhammedova & Jeong-Gil Choi, 2023. "Estimating the Economic Value of Ichan Kala Using the Contingent Valuation Method (CVM)," Sustainability, MDPI, vol. 15(3), pages 1-18, February.
    9. Timothy C. Haab & Kenneth E. McConnell, "undated". "Intuitive Bounds on Willingness to Pay," Working Papers 9609, East Carolina University, Department of Economics.
    10. Yoonae Jo, 2001. "Does college education nourish egoism?," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 4(2), pages 115-128, September.
    11. Brugnaro, Caetano, 2010. "Valuing Riparian Forests Restoration: a CVM Application in Corumbatai River Basin," Revista de Economia e Sociologia Rural (RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 48(3), January.
    12. Anni Huhtala, 2000. "Binary Choice Valuation Studies with Heteregeneous Preferences Regarding the Program Being Valued," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 16(3), pages 263-279, July.
    13. Chaikaew, Pasicha & Hodges, Alan W. & Grunwald, Sabine, 2017. "Estimating the value of ecosystem services in a mixed-use watershed: A choice experiment approach," Ecosystem Services, Elsevier, vol. 23(C), pages 228-237.
    14. Franz Hackl & Gerald J. Pruckner, 2005. "Warm glow, free‐riding and vehicle neutrality in a health‐related contingent valuation study," Health Economics, John Wiley & Sons, Ltd., vol. 14(3), pages 293-306, March.
    15. Nayga, Rodolfo M., Jr. & Aiew, Wipon & Woodward, Richard T., 2004. "Willingness to Pay for Irradiated Food: A Non Hypothetical Market Experiment," 84th Seminar, February 8-11, 2004, Zeist, The Netherlands 24995, European Association of Agricultural Economists.
    16. Rodríguez, Elsa Mirta M. & Lacaze, María Victoria & Lupín, Beatriz, 2007. "Willingness to pay for organic food in Argentina: evidence from a consumer survey," Nülan. Deposited Documents 1300, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    17. Clarke, Philip M., 1998. "Cost-benefit analysis and mammographic screening: a travel cost approach," Journal of Health Economics, Elsevier, vol. 17(6), pages 767-787, December.
    18. Kerstin K Zander & Gillian B Ainsworth & Jürgen Meyerhoff & Stephen T Garnett, 2014. "Threatened Bird Valuation in Australia," PLOS ONE, Public Library of Science, vol. 9(6), pages 1-9, June.
    19. Adam Finn & Stuart McFadyen & Colin Hoskins, 2003. "Valuing the Canadian Broadcasting Corporation," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 27(3), pages 177-192, November.
    20. Christman, Laine & Kimberly, Rollins & Micheal, Taylor & Sohan, Agbonlahor, 2014. "Willingness to Pay to Reduce Wild Fire Risk in Wild land-Urban Interface: A Comparative Analysis of Public Programs and Private Actions," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170703, Agricultural and Applied Economics Association.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:enreec:v:3:y:1993:i:6:p:533-543. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.