Showing 1 - 4 of 4
In this analysis we compare WTP estimates of responses separately modelling choice sets of forced choices from those of unforced choices in order to measure the effect of forced choice in Choice experiment. This comparison is done while still maintain constant task complexity and evaluated in...
Persistent link: https://www.econbiz.de/10011069107
Much of Hawaii’s economy relies on its unique marine environments, which are threatened by degradation from stormwater runoff. Using a stated preference method of choice-based conjoint (CBC) analysis, based on stylized photographs, this study examines both residents’ and visitors’ marginal...
Persistent link: https://www.econbiz.de/10009421062
Willingness to pay (WTP) estimation typically involves some strategy for mapping nondichotomous contingent valuation (CV) responses onto a dichotomous yes/no dependent variable. We propose a new approach to selecting which responses qualify as ‘yes.’ We apply the proposed method to...
Persistent link: https://www.econbiz.de/10008508643
With changing revenue and service responsibilities between federal, state and local governments, the need for local decisionmakers to accurately assess fiscal impacts of new economic devel - opments or federal government programs has become increasingly important. In this paper we explore the...
Persistent link: https://www.econbiz.de/10010882308