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2010
- handle: 10670/1.mgyev6
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évaluation monétaire d'actifs environnementaux méthode d'évaluationcontingente euro illusion environmental valuation contingent valuation method euro illusionSujets proches
Capitalization (Finance) Appraisal Property--Valuation Economic valuation Specie Monetary question Money, Primitive Currency Standard of valueCiter ce document
Pierre-Alexandre Mathieu et al., « Contingent valuation method and the changeover to the euro: an empirical application », Revue d’Économie Régionale & Urbaine, ID : 10670/1.mgyev6
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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.