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Provedor de dados:  AgEcon
País:  United States
Título:  The Effect of Uncertainty on Contingent Valuation Estimates: A Comparison
Autores:  Shaikh, Sabina L.
Sun, Lili
van Kooten, G. Cornelis
Data:  2008-06-09
Ano:  2005
Palavras-chave:  Respondent uncertainty
Willingness to accept
Contingent valuation
Environmental Economics and Policy
Land Economics/Use
Resumo:  We examine the impact of uncertainty on contingent valuation responses using (1) a survey of Canadian landowners about willingness to accept compensation for converting cropland to forestry and (2) a survey of Swedish residents about willingness to pay for forest conservation. Five approaches from the literature for incorporating respondent uncertainty are used and compared to the traditional RUM model with assumed certainty. The results indicate that incorporating uncertainty has the potential to increase fit, but could introduce additional variance. While some methods for uncertainty are an improvement over traditional approaches, we caution against systematic judgments about the effect of uncertainty on contingent valuation responses.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Relação:  University of Victoria>Resource and Environmental Economics and Policy Analysis Research Group>Working Papers
REPA Working Paper
Formato:  34

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