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dc.contributor.authorVondolia, Godwin Kofi
dc.contributor.authorNavrud, Ståle
dc.date.accessioned2018-08-03T06:39:56Z
dc.date.available2018-08-03T06:39:56Z
dc.date.issued2018-02-09
dc.description.abstractAn increasing number of stated preference studies adopt both monetary and non-monetary payment modes to elicit preferences for goods and services in developing and transition countries. The extent to which these alternative payment modes approximate the underlying human preferences for these goods and services is poorly understood. The circumstances under which monetary and non-monetary welfare measures can be combined for efficient estimation of welfare measures and to guide public resource allocation also remain unclear. In a split-sample design, we present a choice experiment on the purchase of flood insurance in which insurance premiums are paid in money, labour time and harvests. We use an integrated choice-modeling framework to test for differences in relative scale parameters among these three alternative payment modes. We find that the relative scale parameters for non-monetary payment modes are lower than the relative scale for monetary payment mode. We argue that the two non-monetary payment modes exhibit higher degrees of uncertainties in the choice experiment. We discuss possible causes and the implications of these results for the design of stated preference studies and the use of resulting welfare measures in cost-benefit analyses.en_US
dc.description.sponsorshipTerje and Valerie Stalder Jacobsens Foundationen_US
dc.descriptionAccepted manuscript version. Published version available at <a href=https://doi.org/10.1016/j.jocm.2018.01.003> https://doi.org/10.1016/j.jocm.2018.01.003</a>. Accepted manuscript version, licensed <a href=http://creativecommons.org/licenses/by-nc-nd/4.0/> CC BY-NC-ND 4.0.</a>en_US
dc.identifier.citationVondolia, G.K. & Navrud, S. (2018). Are non-monetary payment modes more uncertain for stated preference elicitation in developing countries?. Journal of Choice Modeling. https://doi.org/10.1016/j.jocm.2018.01.003en_US
dc.identifier.cristinIDFRIDAID 1564026
dc.identifier.doi10.1016/j.jocm.2018.01.003
dc.identifier.issn1755-5345
dc.identifier.urihttps://hdl.handle.net/10037/13341
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.journalJournal of Choice Modeling
dc.rights.accessRightsopenAccessen_US
dc.subjectVDP::Samfunnsvitenskap: 200::Økonomi: 210en_US
dc.subjectVDP::Social science: 200::Economics: 210en_US
dc.subjectFlood insuranceen_US
dc.subjectPayment vehicleen_US
dc.subjectScale parameteren_US
dc.subjectError components modelen_US
dc.titleAre non-monetary payment modes more uncertain for stated preference elicitation in developing countries?en_US
dc.typeJournal articleen_US
dc.typeTidsskriftartikkelen_US
dc.typePeer revieweden_US


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