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Protesting or justifying? A latent class model for contingent valuation with attitudinal data
Orientador(es)
Resumo(s)
This article develops a latent class model for estimating willingness-to-pay for
public goods using simultaneously contingent valuation (CV) and attitudinal
data capturing protest attitudes related to the lack of trust in public institutions
providing those goods. A measure of the social cost associated with protest
responses and the consequent loss in potential contributions for providing the
public good is proposed. The presence of potential justification biases is further
considered, that is, the possibility that for psychological reasons the response
to the CV question affects the answers to the attitudinal questions. The results
from our empirical application suggest that psychological factors should not be
ignored in CV estimation for policy purposes, allowing for a correct identification
of protest responses.
Descrição
Palavras-chave
Public goods Quality of institutions Protest responses Contingent valuation Justification bias Latent class model