Valuation, Consequentiality, and Opt-Out Responses to Stated Preference Surveys

Forthcoming, Agricultural & Resource Economics Review

32 Pages Posted: 13 Jul 2014

See all articles by Joonghyun Hwang

Joonghyun Hwang

Mississippi State University - Department of Agricultural Economics

Daniel R. Petrolia

Mississippi State University - Department of Agricultural Economics

Matthew G. Interis

Mississippi State University

Date Written: July 10, 2014

Abstract

The objective of this study was to test for the effect of consequentiality on the probability of a respondent opting out of voting in a stated preference survey. We find that respondents who believe the survey is inconsequential are more likely to opt out than to vote ‘yes’ in both binomial-choice and multinomial-choice formats, and that these respondents are more likely to vote ‘no’ than to opt out in the multinomial-choice format. We also find that respondents who have uncertain consequentiality perceptions are more likely to opt out than to choose ‘yes’ or ‘no’ under both choice formats.

Keywords: Consequentiality, Non-Market Valuation, Opt-Out Response, Stated Preference, Wetlands

JEL Classification: Q00, Q26

Suggested Citation

Hwang, Joonghyun and Petrolia, Daniel R. and Interis, Matthew G., Valuation, Consequentiality, and Opt-Out Responses to Stated Preference Surveys (July 10, 2014). Forthcoming, Agricultural & Resource Economics Review, Available at SSRN: https://ssrn.com/abstract=2464575

Joonghyun Hwang (Contact Author)

Mississippi State University - Department of Agricultural Economics ( email )

Box 5187
Mississippi State, MS 39762
United States

Daniel R. Petrolia

Mississippi State University - Department of Agricultural Economics ( email )

Box 5187
Mississippi State, MS 39762
United States

Matthew G. Interis

Mississippi State University ( email )

Box 5187
Mississippi State, MS 39762
United States

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