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Matching Grants and Public Goods: a Closed-Ended Contingent Valuation Experiment

Author

Listed:
  • J. Paul Combs

    (Appalachian State University)

  • Rickey C. Kirkpatrick

    (Appalachian State University)

  • Jason F. Shogren

    (Iowa State University)

  • Joseph A. Herriges

    (Iowa State University)

Abstract

Matching grants are commonly used to influence the bundle of public goods provided by governments. A contingent valuation experiment was designed to determine the value that individuals place on improved recreational facilities under a matching grant proposal. The experiment provided an opportunity to examine preferences given the public good exists in an active and well-defined market, and the valuation experiment was perceived as meaningful to public policy. The researchers estimated a mean willingness-to-pay for park improvements of $8.30, far less than the implied tax increase of $21 provided by local politicians opposed to the project but nearly double the actual tax increase for the average property owner .

Suggested Citation

  • 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.
    • Handle: RePEc:sae:pubfin:v:21:y:1993:i:2:p:178-195
    DOI: 10.1177/109114219302100204
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    References listed on IDEAS

    as
    1. Guttman, Joel M, 1978. "Understanding Collective Action: Matching Behavior," American Economic Review, American Economic Association, vol. 68(2), pages 251-255, May.
    2. Hoehn, John P. & Randall, Alan, 1987. "A satisfactory benefit cost indicator from contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 226-247, September.
    3. 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.
    4. Michael Hanemann & John Loomis & Barbara Kanninen, 1991. "Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1255-1263.
    5. Kling, Catherine L., 1991. "Estimating the precision of welfare measures," Journal of Environmental Economics and Management, Elsevier, vol. 21(3), pages 244-259, November.
    6. J. M. Bowker & John R. Stoll, 1988. "Use of Dichotomous Choice Nonmarket Methods to Value the Whooping Crane Resource," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(2), pages 372-381.
    7. Cameron, Trudy Ann & James, Michelle D, 1987. "Efficient Estimation Methods for "Closed-ended' Contingent Valuation Surveys," The Review of Economics and Statistics, MIT Press, vol. 69(2), pages 269-276, May.
    8. 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.
    9. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-719, November.
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    1. Talwar, Shagorika, 1995. "An evaluation of statistical efficiency and bias trade-off involved with the use of follow-up questioning in the contingent valuation of environmental amenities," ISU General Staff Papers 1995010108000018160, Iowa State University, Department of Economics.
    2. Catherine M. Chambers & Paul E. Chambers & John C. Whitehead, 1998. "Contingent Valuation of Quasi-Public Goods: Validity, Reliability, and Application To Valuing a Historic Site," Public Finance Review, , vol. 26(2), pages 137-154, March.
    3. K.G. Willis, 2002. "Research Note: Iterative Bid Design in Contingent Valuation and the Estimation of the Revenue Maximising Price for a Cultural Good," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 26(4), pages 307-324, November.

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