PT  - JOURNAL ARTICLE
AU  - Polome, Philippe
AU  - van der Veen, Anne
AU  - Geurts, Peter
TI  - Is Referendum the Same as Dichotomous Choice Contingent Valuation?
AID  - 10.3368/le.82.2.174
DP  - 2006 May 01
TA  - Land Economics
PG  - 174--188
VI  - 82
IP  - 2
4099  - http://le.uwpress.org/content/82/2/174.short
4100  - http://le.uwpress.org/content/82/2/174.full
SO  - Land Econ2006 May 01; 82
AB  - The NOAA Panel on contingent valuation (Arrow et al. 1993) recommends that the valuation question be cast under the form of a referendum because of incentive properties and familiarity to the respondent. Even though the literature has generally accepted the panel recommendation, it is not clear whether explicitly mentioning a referendum leads to different values than asking a dichotomous (yes/no) question without mentioning any voting process. The results of our specifically designed contingent valuation survey indicate that the estimated willingness to pay is significantly larger when a referendum is explicitly mentioned. (JEL Q51)