Degree Type

Dissertation

Date of Award

2008

Degree Name

Doctor of Philosophy

Department

Economics

First Advisor

Catherine L. Kling

Second Advisor

Joseph A. Herriges

Third Advisor

Justin Tobias

Abstract

The objective of this research was to examine some incentive and informational properties of contingent valuation surveys and provide some suggestions in survey design. The contingent valuation method uses survey questions to elicit individuals' preferences for nonmarket goods. The essential task of a contingent valuation exercise is to design a questionnaire which elicits respondents' preference for the good being valued.;This dissertation includes three essays that contribute to the contingent valuation literature. The contingent valuation method is widely used in estimating the economic value of nonmarket goods. The first essay offers an empirical test of a theoretical result in the contingent valuation literature, which argues that respondents will respond to survey questions truthfully, if they perceive the survey as being "consequential", regardless of the degree of consequentiality. The second essay tests the commitment cost theory suggested by Zhao and Kling (2001, 2004). They argue that a respondent's willingness to pay for a good at a particular point of time depends not only on the intrinsic value of the good, but also on the timing of the decision and the characteristics of the market environment. The third study examines whether three value elicitation formats---the dichotomous choice question, the multinomial choice question, and a modified multinomial choice question suggested by Carson and Groves (2007)---provide comparable welfare estimates

DOI

https://doi.org/10.31274/rtd-180813-16865

Publisher

Digital Repository @ Iowa State University, http://lib.dr.iastate.edu/

Copyright Owner

Chih-Chen Liu

Language

en

Proquest ID

AAI3307079

OCLC Number

246617108

ISBN

9780549543282

File Format

application/pdf

File Size

181 pages

Included in

Economics Commons

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