Respondent experience and contingent valuation of environmental goods

Trudy Ann Cameron, Jeffrey Englin

Research output: Contribution to journalArticle

108 Citations (Scopus)

Abstract

Respondent experience (i.e., a respondent's information set) has long been suspected to influence contingent valuation estimates of environmental values. We assess the influence of experience by explicitly modeling the relationship between respondent experience and both fitted individual resource values and the conditional variance of these estimated values. Using three different joint specifications for experience and WTP - normal/censored-normal, Poisson/censored - normal, and zero inflated Poisson/censored-normal we find discrete jumps in resource values as experience increases from zero and that more-experienced respondents have smaller conditional variances. Simulation of arbitrary levels of experience allows standardization of the amount of information when developing welfare estimates.

Original languageEnglish (US)
Pages (from-to)296-313
Number of pages18
JournalJournal of Environmental Economics and Management
Volume33
Issue number3
DOIs
StatePublished - Jul 1997
Externally publishedYes

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contingent valuation
environmental values
resource
standardization
modeling
simulation
goods
Contingent valuation
Conditional variance
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ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

Cite this

Respondent experience and contingent valuation of environmental goods. / Cameron, Trudy Ann; Englin, Jeffrey.

In: Journal of Environmental Economics and Management, Vol. 33, No. 3, 07.1997, p. 296-313.

Research output: Contribution to journalArticle

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