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Lookup NU author(s): Anthony Burton,
Professor Susan Chilton
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This paper demonstrates the potential for induced preference experiments to test previously unverified explanations of observed behavior in contingent valuation surveys. The NOAA Panel on Contingent Valuation called for experimental evidence on potential biases in the double referendum format. We test Carson, Groves, and Machina's (Incentives and informational properties of preference questions, Plenary address to the European Association of Resource and Environmental Economists, Oslo, Norway, June 1999) simple cost uncertainty and weighted averaging explanations of inconsistent responses to follow-up offers in such double referenda against a baseline of certainty and truthful preference revelation. The results find evidence to support the Weighted Average hypothesis. Results regarding the cost uncertainty hypothesis are more ambiguous and merit further investigation.
Author(s): Burton AC, Carson KS, Chilton SM, Hutchinson WG
Publication type: Article
Publication status: Published
Journal: Journal of Environmental Economics and Management
Print publication date: 01/11/2003
ISSN (print): 0095-0696
ISSN (electronic): 1096-0449
Publisher: Academic Press
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