Willingness to Pay for Basic Research: A Contingent Valuation Experiment on the Large Hadron Collider
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Bohm, Peter, 1972. "Estimating demand for public goods: An experiment," European Economic Review, Elsevier, vol. 3(2), pages 111-130.
- Johansson,Per-Olov & Kriström,Bengt, 2015. "Cost-Benefit Analysis for Project Appraisal," Cambridge Books, Cambridge University Press, number 9781107121027, November.
- Trine Hansen, 1997. "The Willingness-to-Pay for the Royal Theatre in Copenhagen as a Public Good," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 21(1), pages 1-28, March.
- John C. Whitehead & Thomas J. Hoban, 1999.
"Testing for Temporal Reliability in Contingent Valuation with Time for Changes in Factors Affecting Demand,"
Land Economics, University of Wisconsin Press, vol. 75(3), pages 453-465.
- John C. Whitehead & Thomas J. Hoban, "undated". "Testing for Temporal Reliability in Contingent Valuation with Time for Changes in Factors Affecting Demand," Working Papers 9613, East Carolina University, Department of Economics.
- Green, Donald & Jacowitz, Karen E. & Kahneman, Daniel & McFadden, Daniel, 1998.
"Referendum contingent valuation, anchoring, and willingness to pay for public goods,"
Resource and Energy Economics, Elsevier, vol. 20(2), pages 85-116, June.
- Donald Green & Karen Jacowitz & Daniel Kahneman & Daniel McFadden, 1995. "Referendum Contingent Valuation, Anchoring, and Willingness to Pay for Public Goods," Working Papers _010, University of California at Berkeley, Econometrics Laboratory Software Archive.
- Eric Thompson & Mark Berger & Glenn Blomquist & Steven Allen, 2002. "Valuing the Arts: A Contingent Valuation Approach," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 26(2), pages 87-113, May.
- John W. Duffield & David A. Patterson, 1991. "Inference and Optimal Design for a Welfare Measure in Dichotomous Choice Contingent Valuation," Land Economics, University of Wisconsin Press, vol. 67(2), pages 225-239.
- Amirnejad, Hamid & Khalilian, Sadegh & Assareh, Mohammad H. & Ahmadian, Majid, 2006. "Estimating the existence value of north forests of Iran by using a contingent valuation method," Ecological Economics, Elsevier, vol. 58(4), pages 665-675, July.
- Scarpa, Riccardo & Rose, John M., 2008.
"Design efficiency for non-market valuation with choice modelling: how to measure it, what to report and why,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(3), pages 1-30.
- Riccardo Scarpa & John M. Rose, 2008. "Design efficiency for non-market valuation with choice modelling: how to measure it, what to report and why ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(3), pages 253-282, September.
- John M. Rose & Riccardo Scarpa, 2007. "Designs Efficiency for Non-market Valuation with Choice Modelling: How to Measure It, What to Report and Why," Working Papers in Economics 07/21, University of Waikato.
- 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.
- DeShazo, J. R. & Fermo, German, 2002. "Designing Choice Sets for Stated Preference Methods: The Effects of Complexity on Choice Consistency," Journal of Environmental Economics and Management, Elsevier, vol. 44(1), pages 123-143, July.
- Florio, Massimo & Sirtori, Emanuela, 2016. "Social benefits and costs of large scale research infrastructures," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 65-78.
- Kasteridis, Panagiotis P. & Munkin, Murat K. & Yen, Steven T., 2007. "A Binary-Ordered Probit Model of Cigarette Demand," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9862, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Richard T. Carson, 2012. "Contingent Valuation: A Practical Alternative When Prices Aren't Available," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 27-42, Fall.
- Peter Groothuis & John Whitehead, 2002.
"Does don't know mean no? Analysis of 'don't know' responses in dichotomous choice contingent valuation questions,"
Applied Economics, Taylor & Francis Journals, vol. 34(15), pages 1935-1940.
- Peter A. Groothuis & John C. Whitehead, "undated". "Does Don't Know Mean No? Analysis of 'Don't Know' Responses in Dichotomous Choice Contingent Valuation Questions," Working Papers 9814, East Carolina University, Department of Economics.
- Peter A. Groothuis & John C. Whitehead, 2002. "Does Don't Know Mean No? Analysis of 'Don't Know Responses in Dichotomous Choice Contingent Valuation Questions," Working Papers 02-15, Department of Economics, Appalachian State University.
- Anna Alberini & Patrizia Riganti & Alberto Longo, 2003. "Can People Value the Aesthetic and Use Services of Urban Sites? Evidence from a Survey of Belfast Residents," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 27(3), pages 193-213, November.
- Brun, Filippo, 2002. "Multifunctionality of mountain forests and economic evaluation," Forest Policy and Economics, Elsevier, vol. 4(2), pages 101-112, June.
- David S. Brookshire & Larry S. Eubanks & Alan Randall, 1983. "Estimating Option Prices and Existence Values for Wildlife Resources," Land Economics, University of Wisconsin Press, vol. 59(1), pages 1-15.
- Geda, A. & de Jong, N. & Mwabu, G. & Kimenyi, M.S., 2001.
"Determinants of poverty in Kenya : a household level analysis,"
ISS Working Papers - General Series
19095, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
- Alemayehu Geda & Niek de Jong & Mwangi S. Kimenyi & Germano Mwabu, 2005. "Determinants of Poverty in Kenya: A Household Level Analysis," Working papers 2005-44, University of Connecticut, Department of Economics.
- Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
- Echeverria, Jaime & Hanrahan, Michael & Solorzano, Raul, 1995. "Valuation of non-priced amenities provided by the biological resources within the Monteverde Cloud Forest Preserve, Costa Rica," Ecological Economics, Elsevier, vol. 13(1), pages 43-52, April.
- Robert Mcclelland & Arthur C. Brooks, 2004. "What is the Real Relationship between Income and Charitable Giving?," Public Finance Review, , vol. 32(5), pages 483-497, September.
- Harris, Mark N. & Zhao, Xueyan, 2007. "A zero-inflated ordered probit model, with an application to modelling tobacco consumption," Journal of Econometrics, Elsevier, vol. 141(2), pages 1073-1099, December.
- Richard G. Walsh & John B. Loomis & Richard A. Gillman, 1984. "Valuing Option, Existence, and Bequest Demands for Wilderness," Land Economics, University of Wisconsin Press, vol. 60(1), pages 14-29.
- Johansson,Per-Olov & Kriström,Bengt, 2015. "Cost-Benefit Analysis for Project Appraisal," Cambridge Books, Cambridge University Press, number 9781107548220, November.
- Richard T. Carson & Nicholas E. Flores & Kerry M. Martin & Jennifer L. Wright, 1996.
"Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods,"
Land Economics, University of Wisconsin Press, vol. 72(1), pages 80-99.
- Carson, Richard T. & Flores, Nicholas E. & Martin, Kerry M. & Wright, Jennifer L., 1995. "Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 148793, Australian Agricultural and Resource Economics Society.
- Peter Bohm, 1972. "Estimating the demand for public goods: An experiment," Framed Field Experiments 00126, The Field Experiments Website.
- Philippe Polome & Anne van der Veen & Peter Geurts, 2006. "Is Referendum the Same as Dichotomous Choice Contingent Valuation?," Land Economics, University of Wisconsin Press, vol. 82(2), pages 174-188.
- Johansson,Per-Olov, 1993. "Cost-Benefit Analysis of Environmental Change," Cambridge Books, Cambridge University Press, number 9780521447928, November.
- Eugenie Samuel Reich, 2013. "Physicists plan to build a bigger LHC," Nature, Nature, vol. 503(7475), pages 177-177, November.
- Anna Alberini & Alberto Longo, 2006. "Combining the travel cost and contingent behavior methods to value cultural heritage sites: Evidence from Armenia," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 30(4), pages 287-304, December.
- Burton A. Weisbrod, 1964. "Collective-Consumption Services of Individual-Consumption Goods," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 78(3), pages 471-477.
- Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Adelina Gshwandtner & Cheul Jang & Richard McManus, 2017. "Improving Drinking Quality in South Korea: A Choice Experiment," Studies in Economics 1720, School of Economics, University of Kent.
- Gschwandtner, Adelina & Jang, Cheul & McManus, Richard, 2018.
"Improving Drinking Water Quality in South Korea: A Choice Experiment,"
92nd Annual Conference, April 16-18, 2018, Warwick University, Coventry, UK
273472, Agricultural Economics Society.
- Gschwandtner, A., 2018. "Improving Drinking Water Quality in South Korea: A Choice Experiment," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277418, International Association of Agricultural Economists.
- Rousseau, Sandra & Catalano, Giuseppe & Daraio, Cinzia, 2021. "Can we estimate a monetary value of scientific publications?," Research Policy, Elsevier, vol. 50(1).
- Massimo FLORIO & Francesco GIFFONI, 2017. "Willingness-to-Pay for Science as a Public Good: A Contingent Valuation Experiment," Departmental Working Papers 2017-17, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
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.- Massimo Florio & Francesco Giffoni & Gelsomina Catalano, 2020.
"Should governments fund basic science? Evidence from a willingness-to-pay experiment in five universities,"
Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 23(1), pages 16-33, January.
- Massimo Florio & Francesco Giffoni & Gelsomina Catalano, 2020. "Should governments fund basic science? Evidence from a willingness-to-pay experiment in five universities," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 23(1), pages 16-33, January.
- Massimo FLORIO & Francesco GIFFONI & Gelsomina CATALANO, 2018. "Should Governments Fund Basic Science? Evidence from a Willingness-to-pay Experiment in Five Universities," Departmental Working Papers 2018-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Massimo FLORIO & Francesco GIFFONI, 2017. "Willingness-to-Pay for Science as a Public Good: A Contingent Valuation Experiment," Departmental Working Papers 2017-17, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Richard T. Carson, 2011.
"Contingent Valuation,"
Books,
Edward Elgar Publishing, number 2489.
- Carson, Richard T. & Hanemann, W. Michael, 2006. "Contingent Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 17, pages 821-936, Elsevier.
- Robert J. Johnston & Kevin J. Boyle & Wiktor (Vic) Adamowicz & Jeff Bennett & Roy Brouwer & Trudy Ann Cameron & W. Michael Hanemann & Nick Hanley & Mandy Ryan & Riccardo Scarpa & Roger Tourangeau & Ch, 2017. "Contemporary Guidance for Stated Preference Studies," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 4(2), pages 319-405.
- Ndebele, Tom & Forgie, Vicky, 2017.
"Estimating the economic benefits of a wetland restoration programme in New Zealand: A contingent valuation approach,"
Economic Analysis and Policy, Elsevier, vol. 55(C), pages 75-89.
- Ndebele, Tom & Forgie, Vicky & Vu, Huong, 2014. "Estimating the economic benefits of a Wetland restoration program in New Zealand: A contingent valuation approach," MPRA Paper 54730, University Library of Munich, Germany.
- Ojea, Elena & Loureiro, Maria L., 2011. "Identifying the scope effect on a meta-analysis of biodiversity valuation studies," Resource and Energy Economics, Elsevier, vol. 33(3), pages 706-724, September.
- Liam Delaney & Francis O’Toole, 2004.
"Irish Public Service Broadcasting - A Contingent Valuation Analysis,"
The Economic and Social Review, Economic and Social Studies, vol. 35(3), pages 321-350.
- Liam Delaney & Francis O'Toole, 2004. "Irish public service broadcasting : a contingent valuation analysis," Open Access publications 10197/584, School of Economics, University College Dublin.
- Ryan, Mandy, 1998. "Valuing psychological factors in the provision of assisted reproductive techniques using the economic instrument of willingness to pay," Journal of Economic Psychology, Elsevier, vol. 19(2), pages 179-204, April.
- Armbrecht, John, 2014. "Use value of cultural experiences: A comparison of contingent valuation and travel cost," Tourism Management, Elsevier, vol. 42(C), pages 141-148.
- Jette Jacobsen & Nick Hanley, 2009.
"Are There Income Effects on Global Willingness to Pay for Biodiversity Conservation?,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(2), pages 137-160, June.
- Hanley, Nicholas & Jacobsen, Jette Bredahl, 2008. "Are there income effects on global willingness to pay for biodiversity conservation?," Stirling Economics Discussion Papers 2008-03, University of Stirling, Division of Economics.
- Wiśniewska Aleksandra, 2019. "Quality attributes in the non-market stated-preference based valuation of cultural goods," Central European Economic Journal, Sciendo, vol. 6(53), pages 132-150, January.
- Langford, Ian H. & Bateman, Ian J., 1996.
"Elicitation and truncation effects in contingent valuation studies,"
Ecological Economics, Elsevier, vol. 19(3), pages 265-267, December.
- Bateman, Ian J. & Langford, Ian H. & Turner, R. Kerry & Willis, Ken G. & Garrod, Guy D., 1995. "Elicitation and truncation effects in contingent valuation studies," Ecological Economics, Elsevier, vol. 12(2), pages 161-179, February.
- Florio, Massimo & Forte, Stefano & Sirtori, Emanuela, 2016. "Forecasting the socio-economic impact of the Large Hadron Collider: A cost–benefit analysis to 2025 and beyond," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 38-53.
- Aleksandra Wiśniewska, 2019. "‘Quality food’ for cultural policies. Quality attributes in the non-market stated-preference based valuation of cultural goods," Working Papers 2019-03, Faculty of Economic Sciences, University of Warsaw.
- Johansson, Per-Olov, 2016. "On lessons from energy and environmental cost–benefit analysis," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 20-25.
- W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
- Richard T. Carson & Miko_aj Czajkowski, 2014. "The discrete choice experiment approach to environmental contingent valuation," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 9, pages 202-235, Edward Elgar Publishing.
- Amirnejad, Hamid & Khalilian, Sadegh & Assareh, Mohammad H. & Ahmadian, Majid, 2006. "Estimating the existence value of north forests of Iran by using a contingent valuation method," Ecological Economics, Elsevier, vol. 58(4), pages 665-675, July.
- Daniel McFadden, 2009. "The human side of mechanism design: a tribute to Leo Hurwicz and Jean-Jacque Laffont," Review of Economic Design, Springer;Society for Economic Design, vol. 13(1), pages 77-100, April.
- Bayham, Jude & Muñoz-García, Félix & Espínola-Arredondo, Ana, 2019.
"International coordination of environmental policies: is it always worth the effort?,"
Environment and Development Economics, Cambridge University Press, vol. 24(3), pages 294-316, June.
- Felix Munoz-Garcia & Sherzod B. Akhundjanov, 2014. "Firm Preferences for Environmental Policy: Industry Uniform or Firm Specific?," Working Papers 2014-8, School of Economic Sciences, Washington State University.
More about this item
Keywords
Research infrastructures; Cost-benefit analysis; Non-Use Value; Existence value; Contingent Valuation; Large Hadron Collider;All these keywords.
JEL classification:
- C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
- O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
Statistics
Access and download statisticsCorrections
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:mil:wpdepa:2016-03. 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: DEMM Working Papers The email address of this maintainer does not seem to be valid anymore. Please ask DEMM Working Papers to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/damilit.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.