Publication | Open Access
Choosing not to choose: A meta-analysis of status quo effects in environmental valuations using choice experiments
47
Citations
113
References
2018
Year
Discrete Choice ExperimentsApplied EconomicsBehavioral Decision MakingNatural Resource ValuationChoice TheoryStatus Quo EffectsEnvironmental EconomicsStatus Quo EffectStatus QuoPolicy AnalysisChoice ModelBiasManagementExperimental EconomicsChoice-process DataDecision TheoryConsumer ChoicePublic PolicyEconomicsConsumer Decision MakingChoice ExperimentsEnvironmental ValuationsDecision-makingBusinessNonmarket ValuationDecision Science
<p>Discrete choice experiments (DCE) normally include in their choice sets an option described as the status quo (i.e. no change to current situation; SQ). The literature has identified Status Quo Effect (SQE) as the systematic preference of the SQ over the alternatives that propose changes over and beyond what can be captured by the variation of attributes’ levels. In this paper, we conduct a meta-analysis of DCE applied in environmental policy to identify potential drivers of SQE. We find that accounting for heterogeneity in the econometric analysis, excluding protest responses and easing the choice’s cognitive burden reduce the presence of SQE.</p>
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