caa a22 4500 445854812 CHVBK 20180317145425.0 cr unu---uuuuu 170323e20110601xx s 000 0 eng 10.1007/s10640-010-9430-1 doi (NATIONALLICENCE)springer-10.1007/s10640-010-9430-1 Implications of Bid Design and Willingness-To-Pay Distribution for Starting Point Bias in Double-Bounded Dichotomous Choice Contingent Valuation Surveys [Elektronische Daten] [Marcella Veronesi, Anna Alberini, Joseph Cooper] We examine starting point bias in double-bounded dichotomous choice contingent valuation surveys. We investigate (1) the seriousness of the biases for the location and scale parameters of the willingness-to-pay (WTP) in the presence of starting point bias; (2) whether or not these biases depend on the distribution of WTP and on the bid design; and (3) how well a commonly used diagnostic for starting point bias—a test of the null that bid set dummies entered in the right-hand side of the WTP model are jointly equal to zero—performs under various circumstances. Monte Carlo simulations suggest that the effect of ignoring starting point bias depends on the bid design and on the true distribution of WTP. A well-balanced, symmetric bid design may result in very modest biases even when the anchoring mechanism is very strong. The power of bid set dummies in detecting starting point bias is low. They tend to account for misspecifications in the distribution assumed by the researcher for the latent WTP, rather than capturing the presence of starting point bias. Springer Science+Business Media B.V., 2010 Anchoring nationallicence Bid design nationallicence Contingent valuation nationallicence Double-bounded dichotomous choice format nationallicence Monte Carlo simulations nationallicence Starting point bias nationallicence Willingness-to-pay distribution nationallicence CV : Contingent valuation nationallicence DB : Double-bounded nationallicence DC : Dichotomous choice nationallicence WTP : Willingness-to-pay nationallicence Veronesi Marcella Institute for Environmental Decisions, ETH Zurich, Universitaetstrasse 22, CHN K 76.1, 8092, Zurich, Switzerland aut Alberini Anna Department of Agricultural and Resource Economics, University of Maryland, College Park, USA aut Cooper Joseph Economic Research Service, USDA, Washington, DC, USA aut Environmental and Resource Economics Springer Netherlands 49/2(2011-06-01), 199-215 0924-6460 49:2<199 2011 49 10640 https://doi.org/10.1007/s10640-010-9430-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-010-9430-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Veronesi Marcella Institute for Environmental Decisions, ETH Zurich, Universitaetstrasse 22, CHN K 76.1, 8092, Zurich, Switzerland aut NATIONALLICENCE 700 1- Alberini Anna Department of Agricultural and Resource Economics, University of Maryland, College Park, USA aut NATIONALLICENCE 700 1- Cooper Joseph Economic Research Service, USDA, Washington, DC, USA aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 49/2(2011-06-01), 199-215 0924-6460 49:2<199 2011 49 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer