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In environmental valuation studies with stated preference methods researchers often provide descriptions of status quo conditions which may differ from those perceived by respondents. Ignoring this difference in utility baselines may affect the way attributes are attended to in choice tasks and...
Persistent link: https://www.econbiz.de/10009324296
Data from a choice experiment on the community’s preferences for water quality improvements in streams was used to assess the effect of using a fixed status quo versus people’s perceived status quo on willingness to pay values. More than 50% of respondents perceived the quality of water in...
Persistent link: https://www.econbiz.de/10008802952