Inadequate response to frequency of payments in contingent valuation of environmental goods

The purpose of this chapter is to test the sensitivity of a willingness to pay (WTP) derived from a referendum-style contingent valuation (CV) survey to the frequency of payments specified in the valuation question. Using a split-sample survey we consider a one-time payment versus an annual reoccurr...

Full description

Autores:
Tipo de recurso:
Part of book
Fecha de publicación:
2017
Institución:
Universidad de Bogotá Jorge Tadeo Lozano
Repositorio:
Expeditio: repositorio UTadeo
Idioma:
eng
OAI Identifier:
oai:expeditiorepositorio.utadeo.edu.co:20.500.12010/15495
Acceso en línea:
http://hdl.handle.net/20.500.12010/15495
Palabra clave:
Environmental goods
Análisis del impacto ambiental
Protección del medio ambiente -- Costos
Derecho ambiental
Rights
License
Abierto (Texto Completo)
id UTADEO2_5f1abc0305668de9e91f3be70184571b
oai_identifier_str oai:expeditiorepositorio.utadeo.edu.co:20.500.12010/15495
network_acronym_str UTADEO2
network_name_str Expeditio: repositorio UTadeo
repository_id_str
dc.title.spa.fl_str_mv Inadequate response to frequency of payments in contingent valuation of environmental goods
title Inadequate response to frequency of payments in contingent valuation of environmental goods
spellingShingle Inadequate response to frequency of payments in contingent valuation of environmental goods
Environmental goods
Análisis del impacto ambiental
Protección del medio ambiente -- Costos
Derecho ambiental
title_short Inadequate response to frequency of payments in contingent valuation of environmental goods
title_full Inadequate response to frequency of payments in contingent valuation of environmental goods
title_fullStr Inadequate response to frequency of payments in contingent valuation of environmental goods
title_full_unstemmed Inadequate response to frequency of payments in contingent valuation of environmental goods
title_sort Inadequate response to frequency of payments in contingent valuation of environmental goods
dc.subject.spa.fl_str_mv Environmental goods
topic Environmental goods
Análisis del impacto ambiental
Protección del medio ambiente -- Costos
Derecho ambiental
dc.subject.lemb.spa.fl_str_mv Análisis del impacto ambiental
Protección del medio ambiente -- Costos
Derecho ambiental
description The purpose of this chapter is to test the sensitivity of a willingness to pay (WTP) derived from a referendum-style contingent valuation (CV) survey to the frequency of payments specified in the valuation question. Using a split-sample survey we consider a one-time payment versus an annual reoccurring payment under the null hypothesis that the present values from the two payment frequencies will be the same. We offer this as a simple test of the validity of the CV method. In principle, one would hope that values are invariant with respect to frequency of payment. Boyle (forthcoming) notes that “[t]his is another area where there is scant research” and cites some evidence that suggests respondents may fail to seriously consider the time frame of payments in the valuation question. The setting for our analysis is the valuation of a conservation program designed to protect a migratory shorebird that has recently been in decline. We redesigned a survey previously used by Myers (2013) and Parsons and Myers (2016) to conduct our test. The split-sample surveys are identical but for the frequency of payment required – one uses one-time payment, the other uses annual reoccurring payment. With response data from both surveys, we estimate willingness to pay using a non-parametric Turnbull estimator and a parametric probit estimator and test for differences in willingness to pay between our treatments. We also consider sensitivity tests – weighting to align data with the census, adjustments for certainty of response, and adjustment for disbelief in bid amount.
publishDate 2017
dc.date.created.none.fl_str_mv 2017
dc.date.accessioned.none.fl_str_mv 2020-11-06T14:38:26Z
dc.date.available.none.fl_str_mv 2020-11-06T14:38:26Z
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_3248
format http://purl.org/coar/resource_type/c_3248
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/20.500.12010/15495
url http://hdl.handle.net/20.500.12010/15495
dc.language.iso.spa.fl_str_mv eng
language eng
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Abierto (Texto Completo)
rights_invalid_str_mv Abierto (Texto Completo)
http://purl.org/coar/access_right/c_abf2
dc.format.extent.spa.fl_str_mv 15 páginas
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Elgar
institution Universidad de Bogotá Jorge Tadeo Lozano
bitstream.url.fl_str_mv https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/15495/1/%5b9781786434685%20-%20Contingent%20Valuation%20of%20Environmental%20Goods%5d%20Inadequate%20response%20to%20frequency%20of%20payments%20in%20contingent%20valuation%20of%20environmental%20goods.pdf
https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/15495/2/license.txt
https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/15495/3/%5b9781786434685%20-%20Contingent%20Valuation%20of%20Environmental%20Goods%5d%20Inadequate%20response%20to%20frequency%20of%20payments%20in%20contingent%20valuation%20of%20environmental%20goods.pdf.jpg
bitstream.checksum.fl_str_mv 2f0e5ad207490f28335d3d2aed59d36b
abceeb1c943c50d3343516f9dbfc110f
eff6beb1b5249f4ec8ca5c29b229a4c7
bitstream.checksumAlgorithm.fl_str_mv MD5
MD5
MD5
repository.name.fl_str_mv Repositorio Institucional - Universidad Jorge Tadeo Lozano
repository.mail.fl_str_mv expeditio@utadeo.edu.co
_version_ 1814213892790812672
spelling 2020-11-06T14:38:26Z2020-11-06T14:38:26Z2017http://hdl.handle.net/20.500.12010/15495The purpose of this chapter is to test the sensitivity of a willingness to pay (WTP) derived from a referendum-style contingent valuation (CV) survey to the frequency of payments specified in the valuation question. Using a split-sample survey we consider a one-time payment versus an annual reoccurring payment under the null hypothesis that the present values from the two payment frequencies will be the same. We offer this as a simple test of the validity of the CV method. In principle, one would hope that values are invariant with respect to frequency of payment. Boyle (forthcoming) notes that “[t]his is another area where there is scant research” and cites some evidence that suggests respondents may fail to seriously consider the time frame of payments in the valuation question. The setting for our analysis is the valuation of a conservation program designed to protect a migratory shorebird that has recently been in decline. We redesigned a survey previously used by Myers (2013) and Parsons and Myers (2016) to conduct our test. The split-sample surveys are identical but for the frequency of payment required – one uses one-time payment, the other uses annual reoccurring payment. With response data from both surveys, we estimate willingness to pay using a non-parametric Turnbull estimator and a parametric probit estimator and test for differences in willingness to pay between our treatments. We also consider sensitivity tests – weighting to align data with the census, adjustments for certainty of response, and adjustment for disbelief in bid amount.15 páginasapplication/pdfengElgarEnvironmental goodsAnálisis del impacto ambientalProtección del medio ambiente -- CostosDerecho ambientalInadequate response to frequency of payments in contingent valuation of environmental goodsAbierto (Texto Completo)http://purl.org/coar/access_right/c_abf2http://purl.org/coar/resource_type/c_3248Myers, KelleyParsons, GeorgeTrain, KennethORIGINAL[9781786434685 - Contingent Valuation of Environmental Goods] Inadequate response to frequency of payments in contingent valuation of environmental goods.pdf[9781786434685 - Contingent Valuation of Environmental Goods] Inadequate response to frequency of payments in contingent valuation of environmental goods.pdfVer capítuloapplication/pdf251838https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/15495/1/%5b9781786434685%20-%20Contingent%20Valuation%20of%20Environmental%20Goods%5d%20Inadequate%20response%20to%20frequency%20of%20payments%20in%20contingent%20valuation%20of%20environmental%20goods.pdf2f0e5ad207490f28335d3d2aed59d36bMD51open accessLICENSElicense.txtlicense.txttext/plain; charset=utf-82938https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/15495/2/license.txtabceeb1c943c50d3343516f9dbfc110fMD52open accessTHUMBNAIL[9781786434685 - Contingent Valuation of Environmental Goods] Inadequate response to frequency of payments in contingent valuation of environmental goods.pdf.jpg[9781786434685 - Contingent Valuation of Environmental Goods] Inadequate response to frequency of payments in contingent valuation of environmental goods.pdf.jpgIM Thumbnailimage/jpeg14018https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/15495/3/%5b9781786434685%20-%20Contingent%20Valuation%20of%20Environmental%20Goods%5d%20Inadequate%20response%20to%20frequency%20of%20payments%20in%20contingent%20valuation%20of%20environmental%20goods.pdf.jpgeff6beb1b5249f4ec8ca5c29b229a4c7MD53open access20.500.12010/15495oai:expeditiorepositorio.utadeo.edu.co:20.500.12010/154952020-11-06 09:38:26.645open accessRepositorio Institucional - Universidad Jorge Tadeo Lozanoexpeditio@utadeo.edu.coQXV0b3Jpem8gYWwgU2lzdGVtYSBkZSBCaWJsaW90ZWNhcyBVbml2ZXJzaWRhZCBkZSBCb2dvdMOhIEpvcmdlIFRhZGVvIExvemFubyBwYXJhIHF1ZSBjb24gZmluZXMgYWNhZMOpbWljb3MsIHByZXNlcnZlLCBjb25zZXJ2ZSwgb3JnYW5pY2UsIGVkaXRlIHkgbW9kaWZpcXVlIHRlY25vbMOzZ2ljYW1lbnRlIGVsIGRvY3VtZW50byBhbnRlcmlvcm1lbnRlIGNhcmdhZG8gYWwgUmVwb3NpdG9yaW8gSW5zdGl0dWNpb25hbCBFeHBlZGl0aW8KCkV4Y2VwdHVhbmRvIHF1ZSBlbCBkb2N1bWVudG8gc2VhIGNvbmZpZGVuY2lhbCwgYXV0b3Jpem8gYSB1c3VhcmlvcyBpbnRlcm5vcyB5IGV4dGVybm9zIGRlIGxhIEluc3RpdHVjacOzbiBhIGNvbnN1bHRhciB5IHJlcHJvZHVjaXIgZWwgY29udGVuaWRvIGRlbCBkb2N1bWVudG8gcGFyYSBmaW5lcyBhY2Fkw6ltaWNvcyBudW5jYSBwYXJhIHVzb3MgY29tZXJjaWFsZXMsIGN1YW5kbyBtZWRpYW50ZSBsYSBjb3JyZXNwb25kaWVudGUgY2l0YSBiaWJsaW9ncsOhZmljYSBzZSBsZSBkZSBjcsOpZGl0byBhIGxhIG9icmEgeSBzdShzKSBhdXRvcihzKS4KCkV4Y2VwdHVhbmRvIHF1ZSBlbCBkb2N1bWVudG8gc2VhIGNvbmZpZGVuY2lhbCwgYXV0b3Jpem8gYXBsaWNhciBsYSBsaWNlbmNpYSBkZWwgZXN0w6FuZGFyIGludGVybmFjaW9uYWwgQ3JlYXRpdmUgQ29tbW9ucyAoQXR0cmlidXRpb24tTm9uQ29tbWVyY2lhbC1Ob0Rlcml2YXRpdmVzIDQuMCBJbnRlcm5hdGlvbmFsKSBxdWUgaW5kaWNhIHF1ZSBjdWFscXVpZXIgcGVyc29uYSBwdWVkZSB1c2FyIGxhIG9icmEgZGFuZG8gY3LDqWRpdG8gYWwgYXV0b3IsIHNpbiBwb2RlciBjb21lcmNpYXIgY29uIGxhIG9icmEgeSBzaW4gZ2VuZXJhciBvYnJhcyBkZXJpdmFkYXMuCgpFbCAobG9zKSBhdXRvcihlcykgY2VydGlmaWNhKG4pIHF1ZSBlbCBkb2N1bWVudG8gbm8gaW5mcmluZ2UgbmkgYXRlbnRhIGNvbnRyYSBkZXJlY2hvcyBpbmR1c3RyaWFsZXMsIHBhdHJpbW9uaWFsZXMsIGludGVsZWN0dWFsZXMsIG1vcmFsZXMgbyBjdWFscXVpZXIgb3RybyBkZSB0ZXJjZXJvcywgYXPDrSBtaXNtbyBkZWNsYXJhbiBxdWUgbGEgVW5pdmVyc2lkYWQgSm9yZ2UgVGFkZW8gTG96YW5vIHNlIGVuY3VlbnRyYSBsaWJyZSBkZSB0b2RhIHJlc3BvbnNhYmlsaWRhZCBjaXZpbCwgYWRtaW5pc3RyYXRpdmEgeS9vIHBlbmFsIHF1ZSBwdWVkYSBkZXJpdmFyc2UgZGUgbGEgcHVibGljYWNpw7NuIGRlbCB0cmFiYWpvIGRlIGdyYWRvIHkvbyB0ZXNpcyBlbiBjYWxpZGFkIGRlIGFjY2VzbyBhYmllcnRvIHBvciBjdWFscXVpZXIgbWVkaW8uCgpFbiBjdW1wbGltaWVudG8gY29uIGxvIGRpc3B1ZXN0byBlbiBsYSBMZXkgMTU4MSBkZSAyMDEyIHkgZXNwZWNpYWxtZW50ZSBlbiB2aXJ0dWQgZGUgbG8gZGlzcHVlc3RvIGVuIGVsIEFydMOtY3VsbyAxMCBkZWwgRGVjcmV0byAxMzc3IGRlIDIwMTMsIGF1dG9yaXpvIGEgbGEgVW5pdmVyc2lkYWQgSm9yZ2UgVGFkZW8gTG96YW5vIGEgcHJvY2VkZXIgY29uIGVsIHRyYXRhbWllbnRvIGRlIGxvcyBkYXRvcyBwZXJzb25hbGVzIHBhcmEgZmluZXMgYWNhZMOpbWljb3MsIGhpc3TDs3JpY29zLCBlc3RhZMOtc3RpY29zIHkgYWRtaW5pc3RyYXRpdm9zIGRlIGxhIEluc3RpdHVjacOzbi4gRGUgY29uZm9ybWlkYWQgY29uIGxvIGVzdGFibGVjaWRvIGVuIGVsIGFydMOtY3VsbyAzMCBkZSBsYSBMZXkgMjMgZGUgMTk4MiB5IGVsIGFydMOtY3VsbyAxMSBkZSBsYSBEZWNpc2nDs24gQW5kaW5hIDM1MSBkZSAxOTkzLCBhY2xhcmFtb3MgcXVlIOKAnExvcyBkZXJlY2hvcyBtb3JhbGVzIHNvYnJlIGVsIHRyYWJham8gc29uIHByb3BpZWRhZCBkZSBsb3MgYXV0b3Jlc+KAnSwgbG9zIGN1YWxlcyBzb24gaXJyZW51bmNpYWJsZXMsIGltcHJlc2NyaXB0aWJsZXMsIGluZW1iYXJnYWJsZXMgZSBpbmFsaWVuYWJsZXMuCgpDb24gZWwgcmVnaXN0cm8gZW4gbGEgcMOhZ2luYSwgYXV0b3Jpem8gZGUgbWFuZXJhIGV4cHJlc2EgYSBsYSBGVU5EQUNJw5NOIFVOSVZFUlNJREFEIERFIEJPR09Uw4EgSk9SR0UgVEFERU8gTE9aQU5PLCBlbCB0cmF0YW1pZW50byBkZSBtaXMgZGF0b3MgcGVyc29uYWxlcyBwYXJhIHByb2Nlc2FyIG8gY29uc2VydmFyLCBjb24gZmluZXMgZXN0YWTDrXN0aWNvcywgZGUgY29udHJvbCBvIHN1cGVydmlzacOzbiwgYXPDrSBjb21vIHBhcmEgZWwgZW52w61vIGRlIGluZm9ybWFjacOzbiB2w61hIGNvcnJlbyBlbGVjdHLDs25pY28sIGRlbnRybyBkZWwgbWFyY28gZXN0YWJsZWNpZG8gcG9yIGxhIExleSAxNTgxIGRlIDIwMTIgeSBzdXMgZGVjcmV0b3MgY29tcGxlbWVudGFyaW9zIHNvYnJlIFRyYXRhbWllbnRvIGRlIERhdG9zIFBlcnNvbmFsZXMuIEVuIGN1YWxxdWllciBjYXNvLCBlbnRpZW5kbyBxdWUgcG9kcsOpIGhhY2VyIHVzbyBkZWwgZGVyZWNobyBhIGNvbm9jZXIsIGFjdHVhbGl6YXIsIHJlY3RpZmljYXIgbyBzdXByaW1pciBsb3MgZGF0b3MgcGVyc29uYWxlcyBtZWRpYW50ZSBlbCBlbnbDrW8gZGUgdW5hIGNvbXVuaWNhY2nDs24gZXNjcml0YSBhbCBjb3JyZW8gZWxlY3Ryw7NuaWNvIHByb3RlY2Npb25kYXRvc0B1dGFkZW8uZWR1LmNvLgoKTGEgRlVOREFDScOTTiBVTklWRVJTSURBRCBERSBCT0dPVMOBIEpPUkdFIFRBREVPIExPWkFOTyBubyB1dGlsaXphcsOhIGxvcyBkYXRvcyBwZXJzb25hbGVzIHBhcmEgZmluZXMgZGlmZXJlbnRlcyBhIGxvcyBhbnVuY2lhZG9zIHkgZGFyw6EgdW4gdXNvIGFkZWN1YWRvIHkgcmVzcG9uc2FibGUgYSBzdXMgZGF0b3MgcGVyc29uYWxlcyBkZSBhY3VlcmRvIGNvbiBsYSBkaXJlY3RyaXogZGUgUHJvdGVjY2nDs24gZGUgRGF0b3MgUGVyc29uYWxlcyBxdWUgcG9kcsOhIGNvbnN1bHRhciBlbjogaHR0cDovL3d3dy51dGFkZW8uZWR1LmNvL2VzL2xpbmsvZGVzY3VicmUtbGEtdW5pdmVyc2lkYWQvMi9kb2N1bWVudG9zCg==