This paper follows the review of empirical evidence on the existence of hypothetical bias
(HB) in choice experiments (CEs) presented in Part I of this study. It observes how the …

Benefit transfer uses research results from pre‐existing primary research to predict welfare
estimates for other sites of policy significance for which primary valuation estimates are …

This article proposes contemporary best-practice recommendations for stated preference
(SP) studies used to inform decision making, grounded in the accumulated body of peer …

The presence of hypothetical bias (HB) associated with stated preference methods has
garnered frequent attention in the broad literature trying to describe and understand human …

The first edition of this important work was the winner of the 2002 Publication of Enduring
Quality award by the Association of Environmental and Resource Economists. The …

Individuals are widely believed to overstate their economic valuation of a good by a factor of
two or three. This paper reports the results of a meta-analysis of hypothetical bias in 28 …

This paper assesses consumers' willingness to pay (WTP) for organic chicken using a
choice experiment. Specifically, we examined consumers' WTP for a general organic label …

Abstract Contingent Valuation in Practice takes the reader through each of the basic steps in
the design and administration of a contingent-valuation study. The text is written for the …

Concern exists that hypothetical willingness to pay questions overestimate real willingness
to pay. In a field experiment, we compare two methods of removing hypothetical bias, a …

In China, renewable/green electricity, which can provide significant environmental benefits
in addition to meeting energy demand, has more non-use value than use-value for electricity …