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Bibliothèque The Effect of Uncertainty on Contingent Valuation Estimates: A Comparison

The Effect of Uncertainty on Contingent Valuation Estimates: A Comparison

The Effect of Uncertainty on Contingent Valuation Estimates: A Comparison

Resource information

Date of publication
Novembre 2005
Resource Language
ISBN / Resource ID
AGRIS:US2016203546

We examine the impact of uncertainty on contingent valuation responses using (1) a survey of Canadian landowners about willingness to accept compensation for converting cropland to forestry and (2) a survey of Swedish residents about willingness to pay for forest conservation. Five approaches from the literature for incorporating respondent uncertainty are used and compared to the traditional RUM model with assumed certainty. The results indicate that incorporating uncertainty has the potential to increase fit, but could introduce additional variance. While some methods for uncertainty are an improvement over traditional approaches, we caution against systematic judgments about the effect of uncertainty on contingent valuation responses.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Shaikh, Sabina L.
Sun, Lili
van Kooten, G. Cornelis

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