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On Misrepresentation of Altruistic Preferences in Discrete-Choice Experiments

Johansson, Per-Olov and Kriström, Bengt (2021). On Misrepresentation of Altruistic Preferences in Discrete-Choice Experiments. Journal of Agricultural and Resource Economics. 46 , 126-133
[Journal article]

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Abstract

The purpose of this note is to address a problem faced in using stated preference methods to estimate willingness to pay (WTP) for a project. The considered problem occurs under pure altruism. Even though an agent is equipped with well-behaved preferences, a conventional closed-ended (binary) valuation question may induce her to overrate or underrate her true WTP. On the other hand, an open-ended valuation format seemingly provides a correct answer, but such a format fails to be incentive compatible.

Authors/Creators:Johansson, Per-Olov and Kriström, Bengt
Title:On Misrepresentation of Altruistic Preferences in Discrete-Choice Experiments
Series Name/Journal:Journal of Agricultural and Resource Economics
Year of publishing :2021
Volume:46
Page range:126-133
Number of Pages:8
Publisher:WESTERN AGRICULTURAL ECONOMICS ASSOC
ISSN:1068-5502
Language:English
Publication Type:Journal article
Article category:Scientific peer reviewed
Version:Published version
Full Text Status:Public
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
Keywords:altruism, closed-ended payment vehicle, distortionary taxation, environmental goods, open-ended payment vehicle, willingness-to-pay
URN:NBN:urn:nbn:se:slu:epsilon-p-110099
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-p-110099
Additional ID:
Type of IDID
DOI10.22004/ag.econ.303599
Web of Science (WoS)000599805400010
ID Code:22766
Faculty:S - Faculty of Forest Sciences
Department:(S) > Dept. of Forest Economics
Deposited By: SLUpub Connector
Deposited On:17 Mar 2021 11:43
Metadata Last Modified:17 Mar 2021 11:51

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