This paper introduces an experimental "decision pathways" survey technique that builds on insights from behavioral decision theory. The approach presents respondents with a set of linked questions that encourage the deliberate construction of expressed values in the course of selecting a...

Subjects valued environmental goods using a response mode expressing willingness to pay as a multiplier or divider of a purported "budgetary unit." Hypothetical willingness to pay was found to be highly dependent on the size of the budgetary unit. Rejecting two other interpretations, we believe...

Using equivalent loss (the monetary loss equivalent to a proposed amenity reduction, EL) and equivalent gain (the gain equivalent to a proposed amenity increase, EG) alongside traditional welfare measures in a contingent valuation study of traffic disamenity, we report an experiment designed to...

ABSTRACT. Interval data analysis of CV discrete choice responses delivers efficiency gains which must be weighed against the risk of introducing strategic response bias. Efficiency gains are also achievable by improved bid design. We assess these gains on median WTP estimates first in an...