Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
7
Publisher
Utah State University Department of Economics
Publication Date
2003
Rights
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.
First Page
1
Last Page
10
Abstract
In a recent study by John Whitehead in 2002 ("Incentive Incompatibility and StartingPoint Bias in Iterative Valuation Questions"), he proposes incentive-incompatibility and startingpoint- bias tests for iterative willingness-to-pay questions. We show that if restrictions associated with the nature of starting-point bias are not imposed on the estimation, one obtains inconsistent estimates of the structural parameters and may draw inaccurate conclusions regarding the extent of incentive incompatibility and starting-point bias in contingent-valuation survey data.
Recommended Citation
Aadland, David and Caplan, Arthur J., "A Cautionary Note on Tests for Incentive Incompatibility and Starting-Poing Bias" (2003). Economic Research Institute Study Papers. Paper 265.
https://digitalcommons.usu.edu/eri/265