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| Siikamaki, Juha; Layton, David F.. |
| Contingent valuation and contingent rating and ranking methods for measuring willingness-to-pay for non-market goods are compared by using random coefficient models and data pooling methods. Pooled models on CV data and CR data on the preferred choice accept pooling if scale differences between the model estimates of CV and CR methods are allowed for. More detailed response models, such as pooled CV model and rank-ordered models for two or three ranks, reject pooling of the data. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/20616 |
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| Layton, David F.; Siikamaki, Juha. |
| This paper considers the role of incentive payment programs in eliciting, estimating, and predicting landowners' conservation enrollments. Using both program participation and the amount of land enrolled, we develop two econometric approaches for predicting enrollments. The first is a multivariate censored regression model that handles zero enrollments and heterogeneity in the opportunity cost of enrollments by combining an inverse hyperbolic sine transformation of enrollments with alternative-specific correlation and random parameters. The second is a beta-binomial model, which recognizes that in practice elicited enrollments are essentially integer valued. We apply these approaches to Finland, where the protection of private nonindustrial forests is an... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Protection; Endangered; Voluntary; Incentive; Tobit; Beta-binomial; Stated preferences; Environmental Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/10775 |
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