| Titre | Contingent valuation method and the changeover to the euro: an empirical application | |
|---|---|---|
| Auteur | Pierre-Alexandre Mathieu, Pere Riera | |
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Revue | Revue d'économie régionale et urbaine |
| Numéro | no 5, décembre 2010 Varia | |
| Rubrique / Thématique | Notes de recherche |
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| Page | 987-1000 | |
| Résumé anglais |
La méthode d'évaluation contingente et le passage à l'euro: une application empirique Several countries may adopt the euro in the near future. Whether the change of currency may lead to different responses in non-market valuation surveys remains an open question. A contingent valuation application was carried out shortly after the changeover to the euro in Spain, with half of the participants being assigned a payment card in euro and the other half in pesetas. Results show that higher amounts were stated in euro than in pesetas, which is consistent with the “euro illusion” hypothesis, a phenomenon observed in experiments involving market goods, in which people have the tendency to bid higher amounts for the currency having a lower nominal value. Source : Éditeur (via Cairn.info) |
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| Article en ligne | http://www.cairn.info/article.php?ID_ARTICLE=RERU_105_0987 |
