Title of article :
Testing the Internal Consistency of Contingent Valuation Surveys
Author/Authors :
Peter Diamond، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1996
Pages :
11
From page :
337
To page :
347
Abstract :
For an internal consistency check, one can examine WTP responses to different surveys. Holding an environmental problem constant, concave preferences imply WTPconcavein the success of a remedy. The same preferences imply WTPconvexin the magnitude of an environmental problem, assuming a successful remedy. Having opposite signed curvature of these two WTP patterns is general, not requiring concave preferences. For an adding-up test, an environmental commodity can be divided. Then, WTP for one part plus WTP for the second part, conditional on already having the first part, equals WTP for the whole, adjusted by an income effect.
Journal title :
Journal of Environmental Economics and Management
Serial Year :
1996
Journal title :
Journal of Environmental Economics and Management
Record number :
703575
Link To Document :
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