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A multi-attribute, stated-preference approach is used to value low and high impact actions on four major landscape components addressed by the Rural Environment Protection Scheme in Ireland. Several methodological issues are addressed: the use of prior beliefs on the relative magnitudes of...
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Data from a discrete choice experiment is used to investigate the implications of failing to account for attribute processing strategies (APSs). The research was designed to elicit the economic benefits associated with landscape restoration activities that were intended to remediate...
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Within the discrete choice literature, there is growing recognition that some respondents do not process all attributes when evaluating their choice outcomes. Worryingly, the cost attribute is often among those attributes that are likely to be ignored by respondents. We use probabilistic...
Persistent link: https://www.econbiz.de/10010740045
This paper reports findings from two discrete choice experiments that were carried out to value landscape improvement measures within the Rural Environment Protection (REP) Scheme in Ireland. Using a mixed logit specification willingness to pay (WTP) distributions based on the parameter...
Persistent link: https://www.econbiz.de/10010839316
This paper presents the main results from a sample survey of the adult population designed to measure how much they would pay for the Rural Environment Protection (REP) Scheme’s contribution to rural landscapes. The paper also reports the findings from a number of questions that were included...
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In discrete choice experiments respondents are generally assumed to consider all of the attributes across each of the alternatives, and to choose their most preferred. However, results in this paper indicate that for many respondents employ simplified lexicographic decisionmaking rules, whereby...
Persistent link: https://www.econbiz.de/10010839327