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Registros recuperados: 137 | |
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Volinskiy, Dmitriy; Bergstrom, John C.; Cornwell, Christopher M.; Holmes, Thomas P.. |
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 |
Palavras-chave: Contingent valuation; Sequential choices; Modeling approaches; Watershed ecosystem service valuation; Environmental Economics and Policy. |
Ano: 2010 |
URL: http://purl.umn.edu/59325 |
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Corrigan, Jay R.; Kling, Catherine L.; Zhao, Jinhua. |
In a static setting, willingness to pay for an environmental improvement is equal to compensating variation. However, in a dynamic setting characterized by uncertainty, irreversibility, and the potential for learning, willingness to pay may also contain an option value. In this paper, we incorporate the dynamic nature of the value formulation process into a study using a contingent valuation method, designed to measure the value local residents assign to a north-central Iowa lake. Our results show that willingness to pay is highly sensitive to the potential for future learning. Respondents offered the opportunity to delay their purchasing decisions until more information became available were willing to pay significantly less for improved water quality... |
Tipo: Working or Discussion Paper |
Palavras-chave: Clear Lake; Contingent valuation; Water quality; Willingness to pay; Demand and Price Analysis. |
Ano: 2003 |
URL: http://purl.umn.edu/18546 |
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Matuschke, Ira; Qaim, Matin. |
In the light of ongoing debates about the suitability of hybrid seeds for smallholder farmers, this paper analyzes the adoption and impact of hybrid wheat in India. Based on survey data we show that farmers can benefit significantly from the proprietary technology. Neither farm size nor the subsistence level influence the adoption decision, but access to information and credit matters. Moreover, willingness-to-pay analysis reveals that adoption levels would be higher if seed prices were reduced. Given decreasing public support to agricultural research, policies should be targeted at reducing institutional constraints, to ensure that resource-poor farmers are not bypassed by private sector innovations. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Hybrid wheat; India; Technology adoption; Contingent valuation; Crop Production/Industries. |
Ano: 2006 |
URL: http://purl.umn.edu/25678 |
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Itaoka, Kenshi; Krupnick, Alan J.; Akai, Makoto; Alberini, Anna; Cropper, Maureen L.; Simon, Nathalie B.. |
A contingent valuation survey was conducted in Sizuoka, Japan, to estimate the willingness to pay (WTP) for reductions in the risk of dying and calculate the value of statistical life (VSL) for use in environmental policy in Japan. Special attention was devoted to the effects of age and health characteristics on WTP. We find that the VSLs are somewhat lower (103 to 344 million yen) than those found in the virtually identical survey applied in some developed countries. These values were subject to a variety of validity tests, which they generally passed. We find that the WTP for those over age 70 is lower than that for younger adults, but that this effect is eliminated in multiple regression. Rather, when accounting for other covariates, we find that WTP... |
Tipo: Working or Discussion Paper |
Palavras-chave: Willingness to pay; Value of statistical life; Mortality risk; Contingent valuation; Age; Risk and Uncertainty. |
Ano: 2005 |
URL: http://purl.umn.edu/10829 |
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Registros recuperados: 137 | |
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