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Testing Bid Design Effects in Multiple-Bounded, Contingent-Valuation Questions

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  • Brian Roach
  • Kevin J. Boyle
  • Michael Welsh

Abstract

Multiple-bounded, contingent-valuation questions have been proposed as an alternative to single-bounded and double-bounded questions. While the effects of bid design on multiple- bounded responses have not been explored, findings of experimental effects in single- and double-bounded questions make this a logical area of inquiry. We explore two potential experimental effects in multiple-bounded questions. Respondents may simply express welfare estimates in the center of the bid list. Also, the range of bids may systematically influence welfare estimates. We find while respondents do not center their responses, the range of bids influences welfare estimates and responses to individual bids.

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  • Brian Roach & Kevin J. Boyle & Michael Welsh, 2002. "Testing Bid Design Effects in Multiple-Bounded, Contingent-Valuation Questions," Land Economics, University of Wisconsin Press, vol. 78(1), pages 121-131.
    • Handle: RePEc:uwp:landec:v:78:y:2002:i:1:p:121-131
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    References listed on IDEAS

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    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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