Sample size and consequentiality in stated preferences
1 : LEMNA
(LEMNA)
LEMNA, Institute of Economics and Management, University of Nantes, France
rue de la censive du tertre, Nantes -
France
2 : ECONOMIX
Université Paris Nanterre EconomiX CNR
200 Avenue de la République, 92000 Nanterre -
France
3 : IFPEN
IFP Energies Nouvelles
1-4 Avenue du Bois Préau, 92852 Rueil-Malmaison -
France
4 : IFSTTAR
IFSTTAR
route de, Route de la Bouaye, 44340 Bouguenais -
France
5 : Warswaw University
Długa 44/50 00-241 Warszawa -
Pologne
Sample size has received little attention in the growing literature on consequentiality. An online single-bounded dichotomous choice field study dealing with underwater turbines, a part of participants is provided with information on the number of persons that will participate to the survey, where the information varies across participants. Our main result is that the information on sample size has no effect on willingness-to-pay, which suggests that consequential binary contingent valuation studies can still ensure incentive-compatible behavior when an expected gain from voting becomes very small.