GOING ALONG WITH THE CROWD? THE IMPORTANCE OF GROUP EFFECTS FOR ENVIRONMENTAL DELIBERATIVE MONETARY VALUATION

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Autor principal: Andrés Vargas
Formato: Artículo científico
Lenguaje:en
Publicado: Universidad Nacional de Colombia 2017
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author Andrés Vargas
author_facet Andrés Vargas
contents GOING ALONG WITH THE CROWD? THE IMPORTANCE OF GROUP EFFECTS FOR ENVIRONMENTAL DELIBERATIVE MONETARY VALUATION Andrés Vargas David Diaz Economía y Finanzas social conformity willingness to pay public participation Deliberative monetary valuation Deliberation is expected to enhance the validity and/or the democratic status of stated preference methods. Those objectives are challenged by the potential presence of group effects. Deference to the information publicly announced by others and social pressures to conformity hinder people’s ability to express reflective and independent preferences. Through a split sample contingent valuation survey, we tested whether participating in group discussion affects willingness to pay (WTP). We also test for the presence of group effects. Participants in group discussion stated a higher WTP, and we did not find evidence of group effects. These results are favorable to the deliberative project. 2017 artículo científico 0121-4772 https://www.redalyc.org/articulo.oa?id=282146950004 https://www.redalyc.org/journal/2821/282146950004/ https://www.redalyc.org/journal/2821/282146950004/html/ https://www.redalyc.org/journal/2821/282146950004/282146950004.epub https://www.redalyc.org/journal/2821/282146950004/movil en http://www.redalyc.org/revista.oa?id=2821 Cuadernos de Economía application/pdf Universidad Nacional de Colombia Cuadernos de Economía (Colombia) Num.70 Vol.XXXVI
format Artículo científico
id redalyc_282146950004
institution Redalyc
language en
publishDate 2017
publisher Universidad Nacional de Colombia
spellingShingle GOING ALONG WITH THE CROWD? THE IMPORTANCE OF GROUP EFFECTS FOR ENVIRONMENTAL DELIBERATIVE MONETARY VALUATION
Andrés Vargas
Economía y Finanzas
social conformity
willingness to pay
public participation
Deliberative monetary valuation
GOING ALONG WITH THE CROWD? THE IMPORTANCE OF GROUP EFFECTS FOR ENVIRONMENTAL DELIBERATIVE MONETARY VALUATION Andrés Vargas David Diaz Economía y Finanzas social conformity willingness to pay public participation Deliberative monetary valuation Deliberation is expected to enhance the validity and/or the democratic status of stated preference methods. Those objectives are challenged by the potential presence of group effects. Deference to the information publicly announced by others and social pressures to conformity hinder people’s ability to express reflective and independent preferences. Through a split sample contingent valuation survey, we tested whether participating in group discussion affects willingness to pay (WTP). We also test for the presence of group effects. Participants in group discussion stated a higher WTP, and we did not find evidence of group effects. These results are favorable to the deliberative project. 2017 artículo científico 0121-4772 https://www.redalyc.org/articulo.oa?id=282146950004 https://www.redalyc.org/journal/2821/282146950004/ https://www.redalyc.org/journal/2821/282146950004/html/ https://www.redalyc.org/journal/2821/282146950004/282146950004.epub https://www.redalyc.org/journal/2821/282146950004/movil en http://www.redalyc.org/revista.oa?id=2821 Cuadernos de Economía application/pdf Universidad Nacional de Colombia Cuadernos de Economía (Colombia) Num.70 Vol.XXXVI
title GOING ALONG WITH THE CROWD? THE IMPORTANCE OF GROUP EFFECTS FOR ENVIRONMENTAL DELIBERATIVE MONETARY VALUATION
topic Economía y Finanzas
social conformity
willingness to pay
public participation
Deliberative monetary valuation
url https://www.redalyc.org/articulo.oa?id=282146950004
https://www.redalyc.org/journal/2821/282146950004/
https://www.redalyc.org/journal/2821/282146950004/html/
https://www.redalyc.org/journal/2821/282146950004/282146950004.epub
https://www.redalyc.org/journal/2821/282146950004/movil