Data/hora: 03/06/2024 10:55:24

Provedor de dados: 	31	
País: 	United States	
Título: 	A Pseudo-Sequential Choice Model for Valuing Multi-Attribute Environmental Policies or Programs in Contingent Valuation Applications	
Autores: 	Volinskiy,   Dmitriy; Bergstrom,   John C.; Cornwell,   Christopher M.; Holmes,   Thomas P.	
Data: 	2010-03-12	
Ano: 	2010	
Palavras-chave: 	Contingent valuation; Sequential choices; Modeling approaches; Watershed ecosystem service valuation; Environmental Economics and Policy.	
Resumo: 	The assumption of independence of irrelevant alternatives in a sequential contingent valuation format should be questioned. Statistically, most valuation studies treat nonindependence as a consequence of unobserved individual effects. Another approach is to consider an inferential process in which any particular choice is part of a general choosing strategy of a survey respondent. A stochastic model is suggested, consistent with the reflexivity, transitivity, and continuity axioms of utility analysis. An application of this theoretical model to the valuation of watershed ecosystem restoration demonstrates that an empirical model recognizing reflexivity and transitivity, and also allowing for continuity, shows the highest in-sample predictive ability.	
Tipo: 	Journal Article	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/59325	
Relação: 	Agricultural and Resource Economics Review&gt;Volume 39, Number 1, February 2010	
Formato: 	13