Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
986092 | Resource and Energy Economics | 2008 | 9 Pages |
Abstract
In this article, we consider starting point bias as a heterogeneous phenomenon, that is, respondents in contingent valuation surveys do not anchor in the same way. We study the consequences of a mistaken assumption of homogeneous anchoring for the analysis of the shift effect in multiple-bounded dichotomous choice format, when respondents really have heterogeneous anchoring. We show that the shift effect, generally interpreted as incentive incompatibility or “yea”-saying, can be the spurious outcome of disregarded heterogeneous anchoring.
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Physical Sciences and Engineering
Energy
Energy (General)
Authors
Frédéric Aprahamian, Olivier Chanel, Stéphane Luchini,