RT Journal Article
SR Electronic
T1 How Does the Cost Vector Affect Payment Consequentiality in a Binary Choice Contingent Valuation Survey?
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 111821-0135R1
DO 10.3368/le.100.2.111821-0135R1
A1 Pierre-Alexandre Mahieu
A1 Romain Crastes dit Sourd
A1 Pascal Gastineau
A1 Benoît Chèze
A1 Andrea Taylor
YR 2023
UL http://le.uwpress.org/content/early/2023/10/09/le.100.2.111821-0135R1.abstract
AB Payment consequentiality should improve the validity of welfare estimates in stated preference surveys according to a growing body of research. In this paper, we study whether the type of amounts (precision, parity) that composes the cost vector affects payment consequentiality. Our experiment consists in a binary choice survey on renewable energy where the cost amounts range between 0.5 and 25 euros. For small amounts, we find that precision increases payment consequentiality. For larger amounts, even numbers perform better than odd numbers. Our results suggest that the type of cost amount (e.g., even/odd, general/precise) should be carefully considered by the analyst.