| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Modeling Certainty-Adjusted Willingness to Pay for Ecosystem Service Improvement from Agriculture
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| Autores: |
Ma, Shan
Lupi, Frank
Swinton, Scott M.
Chen, Huilan
|
| Data: |
2011-05-03
|
| Ano: |
2011
|
| Palavras-chave: |
Contingent valuation
Willingness to Pay
Preference Uncertainty
Numerical certainty scale
Ecosystem services
Environmental Economics and Policy
Research Methods/ Statistical Methods
Risk and Uncertainty
Q51
Q57
|
| Resumo: |
The public demand for ecosystem services measured by willingness to pay (WTP) in contingent valuation studies provides important information for designing Payment-for-Ecosystem-Service (PES) programs. However, the hypothetical markets for contingent valuation and respondents’ unfamiliarity with certain ecosystem services may increase their preference uncertainty, which may increase variance and even cause bias in WTP estimates. Taking advantage of a unique stated preference data set that includes a follow-up question rating the respondent’s certainty level, this study evaluates alternative methods of modeling certainty-adjusted WTP for cleaner lakes and abated global warming. Results suggest that the incorporation of self-reported uncertainty into binary choice models significantly reduces the median WTP and appears to improve our understanding of the demand for ecosystem services.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/103734
|
| Relação: |
Agricultural and Applied Economics Association>2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania
Selected Paper
13064
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| Formato: |
38
|
