Sammanfattning

The purpose of this note is to address a problem faced in using stated preference methods to estimate willingness to pay (WTP) for a project. The considered problem occurs under pure altruism. Even though an agent is equipped with well-behaved preferences, a conventional closed-ended (binary) valuation question may induce her to overrate or underrate her true WTP. On the other hand, an open-ended valuation format seemingly provides a correct answer, but such a format fails to be incentive compatible.

Nyckelord

altruism; closed-ended payment vehicle; distortionary taxation; environmental goods; open-ended payment vehicle; willingness-to-pay

Publicerad i

Journal of Agricultural and Resource Economics
2021, Volym: 46, nummer: 1, sidor: 126-133
Utgivare: WESTERN AGRICULTURAL ECONOMICS ASSOC

SLU författare

• Kriström, Bengt

  • Institutionen för skogsekonomi, Sveriges lantbruksuniversitet
    

UKÄ forskningsämne

Nationalekonomi


Publikationens identifierare

DOI: https://doi.org/10.22004/ag.econ.303599

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/110099