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Calibrating Dissimilar Payment Vehicles in Contingent Valuation Studies: An Example of Reducing Hydrilla in Two North Florida Spring-Fed River Systems

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  • Thomas, Victoria
  • Thomas, Michael H.

Abstract

Choice of payment vehicle (PV) is important to contingent-valuation practitioners. They are often left using scenarios that may elicit bias responses; for example hypothetical gate fees in open access areas. Utility bills may avoid bias, but introduce a scaling problem. A survey of north-Florida spring-based recreation calibrates these two dissimilar PVs.

Suggested Citation

  • Thomas, Victoria & Thomas, Michael H., 2013. "Calibrating Dissimilar Payment Vehicles in Contingent Valuation Studies: An Example of Reducing Hydrilla in Two North Florida Spring-Fed River Systems," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143801, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea13:143801
    DOI: 10.22004/ag.econ.143801
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