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Biases in contingent valuation exercises are often difficult to quantify and to correct due to the hypothetical nature of the method itself. One common problem is hypothetical bias, which in recent years has been addressed in various ways, particularly through the inclusion of a certainty question in the questionnaire. We analyse the impact of applying differing corrections based on the certainty...
Heritage and culture are two important components of the leisure sector. This leads to the question of how such non-market goods may be valued. In this paper we have opted for the travel cost method, widely used in the valuation of natural assets, to estimate the demand curve. Using this method, it was possible to calculate the consumer surplus value of four different cultural goods or services in...
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