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Determinants of stated willingness to pay for public goods: A study in the headline method
Respondents were shown brief statements (“headlines”) referring to various threats to the environment or to public health, and other public issues. An intervention to deal with each problem was also introduced by a single sentence. Some respondents were asked to indicate their willingness to pay for...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Kluwer Academic Publishers
1994
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7101763/ https://www.ncbi.nlm.nih.gov/pubmed/32288199 http://dx.doi.org/10.1007/BF01073401 |
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author | Kahneman, Daniel Ritov, Ilana |
author_facet | Kahneman, Daniel Ritov, Ilana |
author_sort | Kahneman, Daniel |
collection | PubMed |
description | Respondents were shown brief statements (“headlines”) referring to various threats to the environment or to public health, and other public issues. An intervention to deal with each problem was also introduced by a single sentence. Some respondents were asked to indicate their willingness to pay for the interventions by voluntary contributions. Others indicated their opinion of the intervention on a conventional rating scale, rated the personal satisfaction of contributing to it, or rated the importance of the problem. Group averages of these response measures were obtained for a large set of issues. Computed over issues, the rank-order correlations between the different measures were very high, suggesting that group averages of WTP and of other opinion statements are measures of the same public attitudes. Observed preference reversals and violations of monotonicity in contributions are better explained by a concept of attitude than by the notion of economic value that underlies the contingent valuation method. Contributions and purchases do not follow the same logic. Possible implications for the contingent valuation method are discussed. |
format | Online Article Text |
id | pubmed-7101763 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 1994 |
publisher | Kluwer Academic Publishers |
record_format | MEDLINE/PubMed |
spelling | pubmed-71017632020-03-31 Determinants of stated willingness to pay for public goods: A study in the headline method Kahneman, Daniel Ritov, Ilana J Risk Uncertain Article Respondents were shown brief statements (“headlines”) referring to various threats to the environment or to public health, and other public issues. An intervention to deal with each problem was also introduced by a single sentence. Some respondents were asked to indicate their willingness to pay for the interventions by voluntary contributions. Others indicated their opinion of the intervention on a conventional rating scale, rated the personal satisfaction of contributing to it, or rated the importance of the problem. Group averages of these response measures were obtained for a large set of issues. Computed over issues, the rank-order correlations between the different measures were very high, suggesting that group averages of WTP and of other opinion statements are measures of the same public attitudes. Observed preference reversals and violations of monotonicity in contributions are better explained by a concept of attitude than by the notion of economic value that underlies the contingent valuation method. Contributions and purchases do not follow the same logic. Possible implications for the contingent valuation method are discussed. Kluwer Academic Publishers 1994 /pmc/articles/PMC7101763/ /pubmed/32288199 http://dx.doi.org/10.1007/BF01073401 Text en © Kluwer Academic Publishers 1994 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Article Kahneman, Daniel Ritov, Ilana Determinants of stated willingness to pay for public goods: A study in the headline method |
title | Determinants of stated willingness to pay for public goods: A study in the headline method |
title_full | Determinants of stated willingness to pay for public goods: A study in the headline method |
title_fullStr | Determinants of stated willingness to pay for public goods: A study in the headline method |
title_full_unstemmed | Determinants of stated willingness to pay for public goods: A study in the headline method |
title_short | Determinants of stated willingness to pay for public goods: A study in the headline method |
title_sort | determinants of stated willingness to pay for public goods: a study in the headline method |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7101763/ https://www.ncbi.nlm.nih.gov/pubmed/32288199 http://dx.doi.org/10.1007/BF01073401 |
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