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Control Number310372
Date and Time of Latest Transaction20150706093047.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameTobias, Justin
 Chih-Chen Liu
 Kling, Catherine
 Herriges, Joseph
Title StatementWhat are the consequences of consequentiality? by Joseph Herriges and 3 others
Physical Descriptionpages 67-81 computer file; text; 307kb
Summary, Etc.We investigate the extent to which dichotomous choice referenda responses are shaped by whether the individual believes the survey itself will ultimately impact policy. Using survey data from the Iowa Lakes Project, we test this supposition. Specifically, we employ a Bayesian treatment effect model in which the degree of perceived consequentiality, measured as an ordinal response, is permitted to have a structural impact on willingness to pay (WTP) for a hypothetical environmental improvement. We test whether the estimated WTP distributions are the same for each value of the ordinal response. In our survey data, a subsample of individuals were randomly assigned supporting information suggesting that their responses to the questionnaires were important and will have an impact on policy decisions. In conjunction with a Bayesian posterior simulator, we use this source of exogenous variation to identify the structural impacts of consequentiality perceptions on willingness to pay, while controlling for the potential of confounding on unobservables. We find evidence consistent with a "knife-edge" result, namely that the willingness to pay distributions are equal among those believing the survey to be at least minimally consequential, and different for those believing that the survey is irrelevant for policy purposes
Subject Added Entry - Topical TermNon-market valuation
 Bayesian analysis
 Contingent valuation
 Water quality
LocationDOST STII ScienceDirect NONPRINTS NP 14-15080 1 14-15080 Online/Download 2010-11-18
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
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