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Monetary incentives are one approach for increasing response rates in contingent valuation surveys. We present the results of a case study desgined to assess the effect of incentives on response rates and respondent behavior. We compare response rates and quality of answers for five incentive...
Persistent link: https://www.econbiz.de/10005407811
The value to households of improved hurricane forecasts is estimated from a pilot survey using discrete choice econometric methods. Each household is willing to pay approximately $13 for improvements in forecast attributes such as landfall time and position, wind speed, and storm surge.
Persistent link: https://www.econbiz.de/10008866860
Persistent link: https://www.econbiz.de/10009397621
Experimental economics has the potential to fill some of the gaps in the economist's tool kit. This article describes experimental economics, its advantages and disadvantages, and why this tool might be a good choice in some situations. The article summarizes the history of its use by...
Persistent link: https://www.econbiz.de/10005320599
Diverse actions and events, ranging from agricultural development to global climate change, have the potential to affect the dynamics within distinct ecosystems. Resource management decisions require information about how people perceive ecosystem impacts and their willingness to pay to prevent...
Persistent link: https://www.econbiz.de/10005038519
This article provides estimates of the economic benefits of reducing respiratory and cardiovascular hospitalizations based on cost of illness and willingness to pay. The willingness-to-pay estimates indicate that individuals value prevention of a five-day hospitalization event at an average of...
Persistent link: https://www.econbiz.de/10005044653
Persistent link: https://www.econbiz.de/10005349620
Embedding, the notion that respondents to contingent valuation (CV) questions often value more than the researcher intends, has engendered extreme views. These range from the suggestion that embedding is so severe that it renders CV useless to the assertion that embedding can be eliminated by...
Persistent link: https://www.econbiz.de/10005199246
This paper examines consumer preferences for Internet bandwidth, focusing on technical ability and urban/rural location as sources of preference heterogeneity. An economic model is outlined that shows that ability decreases the effective price of bandwidth. As a result of this decrease, part of...
Persistent link: https://www.econbiz.de/10005499208
This study uses survey data from 2003 to empirically assess United States residential demand for Internet access. Econometric results indicate that service reliability, speed, and the ability to share music and video files are highly valued Internet access attributes. The latter finding suggests...
Persistent link: https://www.econbiz.de/10005432496