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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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Concu, Giovanni B.. |
The willingness to pay (WTP)/willingness to accept (WTA) disparity raises serious questions about preference elicitation techniques based on the Hicksian model of decision-making. In this paper we investigate the possibility of incorporating the strategies suggested by Plott and Zeiler (2005) in a Pivot Process mechanism and in a Choice Modelling experiment to eliminate the WTP/WTA disparity. The goal is to improve the reliability of the benefit estimates by comparing and contrasting these two methodologies. No methodological and analytical obstacles prevent the use the Pivot Process to calibrate the Choice Modelling estimates. By combining the two methods, a calibration procedure can be usefully developed to validate good hypothetical surveys and correct... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Incentive-compatible; Stated preferences; Pivot process; WTP/WTA disparity; Resource /Energy Economics and Policy. |
Ano: 2007 |
URL: http://purl.umn.edu/10424 |
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