Contingent Valuation Surveys
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Last updated 3:17 PM on 5/4/25
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4 Terms
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Describe Embedding effect
People provide WTPs regardless of scale or scope
2
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Describe Warm Glow hypothesis
Moral gratification from expressing support for public goods rather than true economic valuation
3
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Judging responses
Ignore responses where: WTP is larger than income, respondents support environmental causes but 0 for WTP
4
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How to confirm CV reliability
Order of questions shouldn’t matter, WTP of zone A and WTP of zone B should equal WTP of zones A + B
Note 
Flashcards (23)