Data/hora: 09/06/2024 00:45:24

Provedor de dados: | 31
País: | United States
Título: | Sensitivity of WTP Estimates to Definition of ‘Yes’: Reinterpreting Expressed Response Intensity
Autores: | Kobayashi,   Mimako; Rollins,   Kimberly S.; Evans,   M.D.R.
Data: | 2010-03-12
Ano: | 2010
Palavras-chave: | Contingent valuation; Great Basin; Invasive weeds; Land management; Polychotomous format; Response intensity; Response mapping; Wildfire; Environmental Economics and Policy.
Resumo: | 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 polychotomous CV data for preventative land management programs in the Great Basin. We also estimate WTP using other methods of response recoding found in the literature. By contrasting the results under different approaches, we demonstrate how and why WTP point estimates vary across recoding methods and discuss the comparative advantages of our more generalized recoding approach that is based on predicted probabilities of ‘yes’ responses.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/59332
Relação: | Agricultural and Resource Economics Review&gt;Volume 39, Number 1, February 2010
Formato: | 19