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Abstract
This paper considers an alternative approach dichotomous choice contingent
valuation (DC), referred to as the dissonance minimising format (DM). This method
seeks to reduce the extent of positive bias at the formulation stage of stated
preference experiments known as “yea-saying”, in order to gain a more accurate
measure of respondent WTP. Both the DC and DM methodologies are applied to the
case study of minesite rehabilitation within Victoria, with particular reference to the
abandonment of open pits following small-scale gold mining operations. The results
presented here indicate that the DM model has considerable promise for reducing
yea-saying within dichotomous choice CV. The results also indicate that the
community welfare loss associated with permanent alteration of the landscape from
open cut mining is significant, and is far greater than the benefits of such operations
to the mine administrators.