How Does the Cost Vector Affect Payment Consequentiality in a Binary Choice Contingent Valuation Survey?
通过可再生能源二元选择调查,研究了成本金额的精确性和奇偶性如何影响受访者的支付后果性感知,发现小额时精确金额、大额时偶数金额更能提升后果性。
Payment consequentiality should improve the validity of welfare estimates in stated preference surveys according to a growing body of research. In this article, we study whether the type of amounts (precision, parity) that make up the cost vector affects payment consequentiality. Our experiment consists of a binary choice survey on renewable energy where the cost amounts range between €0.5 and €25. For small amounts, we find that precision increases payment consequentiality. For larger amounts, even numbers perform better than odd numbers. Our results suggest that the type of cost amount (e.g., even/odd, general/precise) should be carefully considered by the analyst.