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The achievement of good environmental status (GES) of marine and coastal ecosystem services is specified in the Marine Strategy Framework Directive (MSFD). This paper uses the choice experiment methodology (CE) to estimate the value of non-market benefits of marine and coastal ecosystem....
Persistent link: https://www.econbiz.de/10015250391
There is a growing body of evidence in the non-market valuation literature suggesting that responses to a sequence of discrete choice questions tend to violate the assumptions typically made by analysts regarding independence of responses and stability of preferences. Heuristics such as value...
Persistent link: https://www.econbiz.de/10015222072
Basic services in Finnish national parks and state-owned recreation areas have traditionally been publicly financed and thus free of charge for users. Since the benefits of public recreation are not captured by market demand, government spending on recreation services must be motivated in some...
Persistent link: https://www.econbiz.de/10015222856
In multiple bounded discrete choice (MBDC) surveys, respondents indicate how certain they would be to vote in favor of a policy at different prices by choosing, for example, among “definitely yes”, “probably yes”, “not sure”, “probably no”, and “definitely no” response...
Persistent link: https://www.econbiz.de/10015232105
Let U be an unobserved random variable with compact support and let e_t be unobserved i.i.d. random errors also with compact support. Observe the random variables V_t, X_t, and Y_t = 1{U +d X_t+e_t V_t}, t = T, where d is an unknown parameter. This type of model is relevant for many stated...
Persistent link: https://www.econbiz.de/10015232515
In many stated choice experiments researchers observe the random variables V_t , X_t , and Y_t = 1{U +δ X_t +e_t V_t }, t ≤ T , where δ is an unknown parameter and U and e_t are unobservable random variables. We show that under weak assumptions the distributions of U and e_t and also the...
Persistent link: https://www.econbiz.de/10015234402
We examine the impact of providing a ‘no-choice’ option in an attribute based valuation experiment. The aim of the experiment was to assess monetary values of cockle fishery management practices in the Dutch Wadden Sea for different stakeholder groups, namely Dutch citizens, local residents,...
Persistent link: https://www.econbiz.de/10005570240
Random parameters logit models have emerged as a standard approach in estimating public preferences for a range of goods and services. However, to simplify calculation of welfare measures, the marginal utility of income is often assumed to be constant across the population. We show that by...
Persistent link: https://www.econbiz.de/10005738815
Let U be an unobserved random variable with compact support and let e_t be unobserved i.i.d. random errors also with compact support. Observe the random variables V_t, X_t, and Y_t = 1{U +d X_t+e_t V_t}, t = T, where d is an unknown parameter. This type of model is relevant for many stated...
Persistent link: https://www.econbiz.de/10005623369
Motorised individual transport strongly contributes to global CO2 emissions, due to its intensive usage of fossil fuels. Current political efforts addressing this issue (i.e. emission performance standards in the EU) are directed towards car manufacturers. This paper focuses on the demand side....
Persistent link: https://www.econbiz.de/10010299474