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This paper explores Heiner's hypothesis concerning a gap between the cognitive ability of decision makers and the difficulty of decisions (the C-D gap). We discuss the implications of decision heuristics for coefficient estimates when uncertainty is faced by decision makers, where the level of...
Persistent link: https://www.econbiz.de/10008537554
This study reports on a survey assessment of the public preferences for the Rhode Island Agricultural Experiment Station's research program. The study summarizes preferences to allocate effort to alternative research projects and estimates the public's willingness to pay to maintain or increase...
Persistent link: https://www.econbiz.de/10005338155
Economists frequently assess willingness to pay (WTP) for land preservation outcomes independent of information regarding policy implementation. The public, however, may not only be concerned with the consequences of land management, but also may have systematic preferences for policy procedures...
Persistent link: https://www.econbiz.de/10005525183
This paper describes a choice experiment addressing preferences for ecolabeled seafood, in which the experimental design allows for choices among various fresh seafood products. The primary emphasis is the potential trade-off between taste (i.e., a favored species) and the presence of an...
Persistent link: https://www.econbiz.de/10005476931
This study presents a criterion validity test in which stated choices are compared to subsequent binding referendum votes. The study is distinguished by identical hypothetical and actual choice contexts, and results that show no evidence of hypothetical bias. Results suggest a number of...
Persistent link: https://www.econbiz.de/10005476940
Newer residents of rural, urban-fringe communities are often assumed to have preferences for the development and conservation of rural lands that differ from those of longer-term residents. The existing literature offers little to verify or quantify presumed preference shifts. This paper...
Persistent link: https://www.econbiz.de/10005460339
This paper reports on a contingent choice study in which residents of a rural Rhode Island community were asked to express their preferences for packages of growth management outcomes, where surveys presented both spatial and non-spatial attributes of growth management outcomes. Survey results...
Persistent link: https://www.econbiz.de/10005468514