Data/hora: 12/06/2024 15:32:32

Provedor de dados: | 31
País: | United States
Título: | A cognitive psychological approach of analyzing preference uncertainty in contingent valuation
Autores: | Akter,   Sonia; Bennett,   Jeffrey W.
Data: | 2009-03-04
Ano: | 2009
Palavras-chave: | Contingent valuation; Preference uncertainty; Cognitive uncertainty; Climate change; Australia.
Resumo: | The sources of preference uncertainty in contingent valuation (CV) studies have rarely been investigated from a theoretical standpoint. This paper proposes a holistic theoretical framework of preference uncertainty that combines microeconomic theory with the theories of cognitive psychology. Empirical testing of the proposed theoretical model was carried out in Australia in the context of a national ‘Carbon Pollution Reduction Scheme (CPRS)’ to be introduced in 2010. Two separate ordered probit models for a certainty score associated with CV ‘Yes’ and ‘No’ responses were estimated. The results of the estimated regression models provide evidence supporting the hypotheses drawn from the theoretical model.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/47938
Relação: | Australian Agricultural and Resource Economics Society&gt;2009 Conference (53rd), February 11-13, 2009, Cairns, Australia
Formato: | 37