Abstract

ABSTRACT:

We reexamine the literature comparing contingent valuation (CV) and choice experiments (CEs) in terms of stated preference design features, and empirically investigate an understudied dimension in these comparisons, namely, presentation effects. Structured analysis of the literature suggests that the comparisons of CV and CEs as broad descriptive terms may mask the many design and methodological differences seen in implementations of the approaches. In the empirical component, we find preference disclosure to be unaffected by text and table presentation formats in elicitation tasks, except when only the first task is considered. Implications of our findings for stated preference research are discussed. (JEL Q51)

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Additional Information

ISSN
1543-8325
Print ISSN
0023-7639
Pages
pp. 1-24
Launched on MUSE
2020-02-06
Open Access
No
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