|
|
|
| Registros recuperados: 13 | |
|
|
| Rollins, Kimberly S.; Rodriguez, Lucrecia; Price, Michael. |
| We examine the extent to which bid design provides an informative anchor that influences the context in which individuals evaluate willingness to pay questions. We postulate that agents who are uncertain over possible states of nature that may arise when consuming a good use bid design as a means to resolve such uncertainty. Furthermore, we hypothesize that the impact of bid design on estimated WTP is less pronounced for experienced agents that have observed more draws from nature. We use three measure of bid design to evaluate our conjectures; (i) the mean of bid amounts, (ii) the absolute value of the difference between bid amounts, and (iii) the ratio of the mean to the spread. We interact proxies for individual experience with our measure of bid... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2007 |
URL: http://purl.umn.edu/9922 |
| |
|
|
| Heigh, Lori; Rollins, Kimberly S.; Kanetkar, Vinay. |
| This paper derives the welfare loss to landowners from wildlife damage, which is not the same as the value of yield loss. The paper then estimates the welfare loss to Ontario landowners using willingness to tolerate losses as an indication of on-farm wildlife benefits. Results for Ontario fieldcrop producers in 1998 suggest that the welfare loss is approximately half of the value of the yield loss. A number of variables are significant predictors of willingness to tolerate losses, including wildlife species, prevention activity, changes in local wildlife population levels, and landowners perceptions of the recreational and non-use benefits from wildlife. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/34153 |
| |
|
| |
|
| |
|
|
| Rollins, Kimberly S.; Kobayashi, Mimako. |
| This paper contributes towards the development of an approach that would generate welfare measures that accommodate non-expected utility risk preferences. Combining the merits of elicitation approaches used in field experiments with contingent valuation, we embed an experimental design that systematically varies probabilities and losses across a survey sample in a willingness to pay elicitation format, where a hypothetical situation is described that closely resembles the actual policy context. We apply the proposed elicitation and estimation approaches to estimate the risk preferences of a representative homeowner who faces probabilistic wildfire risks and an investment option that reduces losses due to wildfire. Based on prospect theory, we estimate... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies; Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/61870 |
| |
|
|
| Kobayashi, Mimako; Zirogiannis, Nikolaos; Rollins, Kimberly S.; Evans, M.D.R.. |
| In this article we develop a general conceptual model of a property-owner’s decision to implement actions to protect his property against wildfire threat. Assuming a prospective-utility maximizing decision maker, we derive a system of demand functions for fire-safe actions that characterizes factors affecting individual decision making. We then empirically estimate the demands for various fire-safe actions functions using survey data of property owners facing a wildfire threat in Nevada. We find that the probability of individuals implementing some fire-safe action increases with value of the residence, previous experience with wildfire, the property being used as the primary residence, positive attitude towards wildfire management methods on public lands,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/61867 |
| |
|
|
| Kobayashi, Mimako; Rollins, Kimberly S.; Taylor, Michael H.. |
| The spread of invasive annual grasses and resulting escalation of wildfire frequency and severity pose a significant and growing threat to the economic and ecological viability of the rangelands in the Great Basin. While private ranchers have the option to limit the severity of wildfires through fuels removal treatments, few ranchers engage in such land treatments. Without internalizing the public cost of wildfire suppression in the decision problem, private ranchers likely to under-invest in fuels treatments. In this article, using a bio-economic model of rancher decision making, we analyze the private incentives for engaging in land treatments. We find that the downside shocks on available grazing land due to wildfires are proportionately smaller for... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use; Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/61869 |
| |
|
| |
|
|
| Huennemeyer, Anne-Juliane; Rollins, Kimberly S.. |
| We analyse efficiency problems of incentive-compatible contracts under moral hazard and/or adverse selection in the context of private resource management. The paper contributes to defining the regulatory role in creating an optimal information environment between regulator and private resource managers to maximize welfare from a mixed public-private good. The optimal contract structures developed in a principal-agent framework induce self-selection and type-specific conservation efforts. The associated contracting inefficiencies, however, are increasing in the degree of information asymmetry across scenarios, the total costs of conservation, and the difference in conservation costs across types. The results of this study imply that conservation... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/34141 |
| |
|
| |
|
|
| Boxall, Peter C.; Rollins, Kimberly S.; Englin, Jeffrey E.. |
| This analysis breaks down the congestion levels experienced during specific parts of a wilderness canoe trip. By explicitly addressing the heterogeneity in preferences for congestion during a trip, we were able to determine the relative value canoeists place on solitude at different points of a trip. Our econometric model utilizes a random effects probit framework to efficiently estimate the welfare impacts of congestion on each trip portion. The welfare effects of congestion levels vary across wilderness areas, parts of a trip and individuals. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/34133 |
| |
| Registros recuperados: 13 | |
|
|
|
