@article{Boyle:58370,
      recid = {58370},
      author = {Boyle, Kevin J. and Morrison, Mark and Taylor, Laura O.},
      title = {Why Value Estimates Generated Using Choice Modelling  Exceed Contingent Valuation: Further Experimental Evidence},
      address = {2004-02},
      number = {415-2016-26204},
      pages = {25},
      year = {2004},
      abstract = {Choice modelling is increasingly being used to generate  estimates of the value of changes in environmental quality.  This is partly because of the informational efficiencies of  the technique, but also because of concern about the  accuracy of contingent valuation. Experimental evidence  has, however, demonstrated that choice modelling tends to  produce much higher valuation estimates than contingent  valuation. One possible explanation for the divergence  between choice modelling and contingent valuation estimates  is the lack of incentive compatibility with the former  technique. This potentially has several sources, including  having no provision rule (eg a referendum), respondents  choosing between more than two alternatives, and repeated  choices. We report on the results of a series of  experiments involving over 2000 subjects designed to test  whether a lack of incentive compatibility is responsible  for divergences in value estimates.},
      url = {http://ageconsearch.umn.edu/record/58370},
      doi = {https://doi.org/10.22004/ag.econ.58370},
}