haku: @indexterm Contingent valuation / yhteensä: 60
viite: 10 / 60
| Tekijä: | Bedate, A. M. Herrero, L. C. Sanz, J. A. |
| Otsikko: | Economic valuation of a contemporary art museum: correction of hypothetical bias using a certainty question |
| Lehti: | Journal of Cultural Economics
2009 : VOL. 33:3, p. 185-199 |
| Asiasana: | public goods contingent valuation |
| Vapaa asiasana: | cultural economics willingness to pay hypothetical bias |
| Kieli: | eng |
| Tiivistelmä: | Biases in contingent valuation exercises seem to be difficult to quantify and correct because of the hypothetical nature of the method. In this article, the impact of applying differing corrections based on the certainty question for double-bounded dichotomous economic valuation exercises is analyzed. The data is gathered from four surveys in order to obtain the value allocated to a modern art museum. The results show that estimates of willingness to pay are significantly reduced when individuals are more certain of their choices. Correction through recoding seems to be more severe than correction through exclusion. |
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