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Protest Bidders in Contingent Valuation

Published online by Cambridge University Press:  10 May 2017

John M. Halstead ,
A.E. Luloff  and
Thomas H. Stevens
John M. Halstead
Affiliation:
Department of Resource Economics and Development, University of New Hampshire
A.E. Luloff
Affiliation:
Department of Agricultural Economics and Rural Sociology, The Pennsylvania State University
Thomas H. Stevens
Affiliation:
Department of Resource Economics, University of Massachusetts
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Extract

Protest bids are often excluded during analysis of contingent valuation method data. It is suggested that this procedure might introduce significant bias. Protest bids are often registered by respondents who may actually place a higher- or lower-than-average value on the commodity in question but refuse to pay on the basis of ethical or other reasons. Exclusion of protest bids may therefore bias willingness to pay (WTP) results, but the direction of bias is indeterminate a priori.

Type
Articles
Information
Northeastern Journal of Agricultural and Resource Economics , Volume 21 , Issue 2 , October 1992 , pp. 160 - 169
Copyright
Copyright © 1992 Northeastern Agricultural and Resource Economics Association 

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Footnotes

Partial support for this project from the New Hampshire Agricultural Experiment Station, the U.S. Department of Agriculture Forest Service, and the Pennsylvania Agricultural Experiment Station is gratefully acknowledged. We wish to thank the anonymous reviewers for valuable comments; all remaining errors are the sole responsibility of the authors.

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