Showing 1 - 6 of 6
The paper presents a variety ofmeta analysis models of woodland recreation benefit estimates, contrasting conventionally estimatedmodelswith those provided by novel, multi-level modeling (MLM) techniques (Goldstein 1995). Our conventional models suggest that studies carried out by certain...
Persistent link: https://www.econbiz.de/10005038491
Using equivalent loss (the monetary loss equivalent to a proposed amenity reduction, EL) and equivalent gain (the gain equivalent to a proposed amenity increase, EG) alongside traditional welfare measures in a contingent valuation study of traffic disamenity, we report an experiment designed to...
Persistent link: https://www.econbiz.de/10008546318
Willingness-to-pay (WTP) responses from dichotomous choice contingent valuation studies are often modeled using logistic regression, from which estimates of mean or median WTP are calculated. However, a great many factors influence an individual's WTP, some of which may be unobserved. Hence, the...
Persistent link: https://www.econbiz.de/10008537377
This paper considers the use of contingent valuation to estimate non-market benefits from separately valued nested goods. Survey respondents were asked referendum WTP questions regarding either a scheme to protect the “whole” area of a wetland or a scheme to protect some nested “part”...
Persistent link: https://www.econbiz.de/10005003869
A split sample experiment is conducted to test one of the most fundamental assumptions underpinning choice experiments in an environmental setting: whether stated values are absolute or relative. The test uses a natural experiment involving respondents at different home locations relative to...
Persistent link: https://www.econbiz.de/10008862788
While a dominated choice involves a situation in which one option clearly dominates another on all relevant dimensions, an asymmetrically dominated choice typically arises where at least two options do not dominate each other and one (but not both) of those options does dominate a third option....
Persistent link: https://www.econbiz.de/10005368865