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Exploring the determinants of uncertainty in contingent valuation surveys

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  • Pierre-Alexandre Mahieu
  • Pere Riera
  • Bengt Kriström
  • Runar Brännlund
  • Marek Giergiczny

Abstract

This paper uses the interval data model to explore the determinants of uncertainty in two-way payment ladder and in multiple-bounded uncertainty choice surveys. It estimates the uncertainty function that relates the size of the willingness-to-pay range to explanatory variables, where one of them is a proxy of the actual willingness-to-pay. The combination of the interval data model and the inclusion of the proxy variable present some advantages over the ordinary least square estimations currently used in the literature. In particular, it reduces the risk of the omitted variable bias and it takes into account that the dependent variable is not fully observed.

Suggested Citation

  • Pierre-Alexandre Mahieu & Pere Riera & Bengt Kriström & Runar Brännlund & Marek Giergiczny, 2014. "Exploring the determinants of uncertainty in contingent valuation surveys," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 3(2), pages 186-200, July.
    • Handle: RePEc:taf:teepxx:v:3:y:2014:i:2:p:186-200
    DOI: 10.1080/21606544.2013.876941
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    References listed on IDEAS

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    1. Kelvin Balcombe & Aurelia Samuel & Iain Fraser, 2009. "Estimating WTP With Uncertainty Choice Contingent Valuation," Studies in Economics 0921, School of Economics, University of Kent.
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    5. John E. Ataguba & Hyacinth E. Ichoku & William M. Fonta, 2008. "Estimating the willingness to pay for community healthcare insurance in rural Nigeria," Working Papers PMMA 2008-10, PEP-PMMA.
    6. Whittington, Dale & Hua Wang, 2000. "Willingness to pay for air quality improvements in Sofia, Bulgaria," Policy Research Working Paper Series 2280, The World Bank.
    7. Bigerna, Simona & Polinori, Paolo, 2011. "Italian consumers’ willingness to pay for renewable energy sources," MPRA Paper 34408, University Library of Munich, Germany.
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    Cited by:

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    2. Oben K Bayrak & Bengt Kriström, 2016. "Is there a valuation gap? The case of interval valuations," Economics Bulletin, AccessEcon, vol. 36(1), pages 218-236.
    3. Olivier Chanel & Khaled Makhloufi & Mohammad Abu-Zaineh, 2017. "Can a Circular Payment Card Format Effectively Elicit Preferences? Evidence From a Survey on a Mandatory Health Insurance Scheme in Tunisia," Applied Health Economics and Health Policy, Springer, vol. 15(3), pages 385-398, June.
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    7. Mwebaze, Paul & Marris, Gay C. & Brown, Mike & MacLeod, Alan & Jones, Glyn & Budge, Giles E., 2018. "Measuring public perception and preferences for ecosystem services: A case study of bee pollination in the UK," Land Use Policy, Elsevier, vol. 71(C), pages 355-362.

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