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Meta-analyses of past research outcomes are becoming more popular, however, the issue of the panel nature of data has not been empirically investigated. We test various forms of data stratifications into panels for outdoor recreation economic studies but do not find any significant effects,...
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Stated preference analyses commonly impose strong and unrealistic assumptions in response to spatial welfare heterogeneity. These include spatial homogeneity or continuous distance decay. Despite their ubiquity in the valuation literature, global assumptions such as these have been increasingly...
Persistent link: https://www.econbiz.de/10009444304
Although mixed logit models are common in stated preference applications, resulting welfare estimates can be sensitive to minor changes in specification. This can be of critical relevance for policy and welfare analysis, particularly if policymakers are unaware of practical implications. Drawing...
Persistent link: https://www.econbiz.de/10009446090
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
Stated preference scenarios often provide information on intermediate biophysical processes but omit information on the resulting final services that provide utility. This may cause respondents to speculate about the effects of intermediate outcomes on their welfare, leading to biased welfare...
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Maps in stated preference surveys rarely identify the location of respondents’ homes. This standard approach is grounded in the assumption that respondents are aware of their exact household locations relative to mapped policy effects, and hence possess sufficient understanding of spatial...
Persistent link: https://www.econbiz.de/10011068912
This paper presents a multinational meta-analysis estimated to identify systematic components of willingness to pay for surface water quality improvements, developed to support benefit transfer for Canadian policy development. Metadata are drawn from stated preference studies that estimate WTP...
Persistent link: https://www.econbiz.de/10008508668