A hybrid stated-preference model is developed that combines the referendum contingent valuation response format with an experimentally designed set of attributes. A sequence of valuation questions is asked to a random sample in a mail-out mail-back format. Econometric analysis shows that willingness to pay for policy attributes is formed dynamically.Research Methods/ Statistical Methods,

Boyle, Kevin J.

Holmes, Thomas P.

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Research Papers in Economics

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DYNAMIC LEARNING AND CONTEXT-DEPENDENCE IN SEQUENTIAL, ATTRIBUTE-BASED CONTINGENT VALUATION

DYNAMIC LEARNING AND CONTEXT-DEPENDENCE IN SEQUENTIAL, ATTRIBUTE-BASED CONTINGENT VALUATION

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Research Papers in Economics