Does Uncertainty Matter: An Application to the Willingness to Pay to Reduce Swimming Bans in Chicago

Using a survey of Chicago beachgoers, this research examines the effect of uncertain response options on the willingness to pay to reduce swimming bans. Various recoding options are tested and implemented, as well as multinomial model for choice. Estimates are compared to those from a dataset with certainty, as well as to those from revealed preference methods. The reasons and sources for uncertainty are explored and compared across samples.

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Year of publication:	2005
Authors:	Shaikh, Sabina L.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Institutional and Behavioral Economics

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Extent:	application/pdf
Series:	2005 Annual meeting, July 24-27, Providence, RI.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2005 Annual meeting, July 24-27, Providence, RI Number 19134
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005327336