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Testing heterogeneous anchoring and shift effect in double-bounded models: The case of recreational fishing in Tasmania AgEcon
Jennings, Sarah; Yamazaki, Satoshi; Lyle, Jeremy.
This paper explores the extent and nature of anchoring and shift effects in a double-bounded contingent valuation of recreational fishing in Tasmania’s inshore saltwater fishery. In particular we model the situation where respondents, when answering the second valuation question, evaluate the bid amount partly with reference to the size of the first bid amount. The estimates of the coefficients and mean WTP for a day of fishing are compared across different contingent valuation models, including a single-bounded model, a conventional double-bounded model and models that control anchoring and exogenous shift effects in both homogeneous and heterogeneous forms. Overall we find consistent evidence of anchoring, but mixed evidence of a shift effect. Results...
Tipo: Conference Paper or Presentation Palavras-chave: Contingent valuation; Anchoring bias; Shift effect; Heterogeneity; Recreational fishing; Environmental Economics and Policy; C35; Q26.
Ano: 2010 URL: http://purl.umn.edu/59089
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Testing heterogeneous anchoring and shift effect in double-bounded models: The case of recreational fishing in Tasmania AgEcon
Jennings, Sarah; Rust, Steven; Yamazaki, Satoshi; Lyle, Jeremy.
This paper explores the extent and nature of anchoring and shift effects in a double-bounded contingent valuation of recreational fishing in Tasmania’s inshore saltwater fishery. In particular we model the situation where respondents, when answering the second valuation question, evaluate the bid amount partly with reference to the size of the first bid amount. The estimates of the coefficients and mean WTP for a day of fishing are compared across different contingent valuation models, including a single-bounded model, a conventional double-bounded model and models that control anchoring and exogenous shift effects in both homogeneous and heterogeneous forms. Overall we find consistent evidence of anchoring, but mixed evidence of a shift effect. Results...
Tipo: Conference Paper or Presentation Palavras-chave: Contingent valuation; Anchoring bias; Shift effect; Heterogeneity; Recreational fishing; Environmental Economics and Policy; C35; Q26.
Ano: 2010 URL: http://purl.umn.edu/59265
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A SEQUENTIAL CHOICE MODEL OF RECREATION BEHAVIOR AgEcon
Adamowicz, Wiktor L.; Jennings, Sarah; Coyne, Alison.
The travel cost model is the standard model used in the recreation demand literature. This model assumes that the decision on the number of trips to a particular site in a given period (a season, for example) is determined at the beginning of the period. For certain types of recreation activity, this decision may be more appropriately modeled as a sequential process, in which the decision of whether or not to take each additional trip is made after previous trips have occurred. This decision is dependent on the realization of random variables on previous trips as well as travel costs. A model is developed in which the choice of a discrete number of sequentially chosen trips to a given site is specified as function of site-specific variables and variables...
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1990 URL: http://purl.umn.edu/32501
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