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Did the Great Recession Reduce Visitor Spending and Willingness to Pay for Nature Based Recreation? Evidence from 2006 and 2009 AgEcon
Loomis, John B.; Keske, Catherine M.; Lohman, Greta.
AAEA 2010 POSTER
Tipo: Conference Paper or Presentation Palavras-chave: Visitor Expenditures; Recreation; Contingent valuation; Hiking; Colorado; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/60825
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Using Random Parameters to Account for Heterogeneous Preferences in Contingent Valuation of Public Open Space AgEcon
Nahuelhual, Laura; Loureiro, Maria L.; Loomis, John B..
To test for preference heterogeneity in dichotomous choice contingent valuation responses, a random parameter logit (RPL) specification is used in this analysis. The RPL model confirms heterogeneity in respondents' preferences for protection of public open space, as reflected in statistically significant standard deviations of the normally distributed random parameters. Results show that while the majority of respondents indicate a positive willingness to pay (WTP), a minority of those surveyed report a negative WTP. Some of this variation in tastes remains even after individual characteristics and attitudinal variables are included in the model.
Tipo: Journal Article Palavras-chave: Contingent valuation; Open space; Random parameter logit; Willingness to pay; Land Economics/Use.
Ano: 2004 URL: http://purl.umn.edu/30909
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TESTING FOR DIFFERENTIAL EFFECTS OF FOREST FIRES ON HIKING AND MOUNTAIN BIKING DEMAND AND BENEFITS AgEcon
Loomis, John B.; Gonzalez-Caban, Armando; Englin, Jeffrey E..
Surveys of visitors to National Forests in Colorado were conducted to determine whether different fire ages and presence of crown fires have different effects on hiking and mountain biking recreation visits and benefits. Actual and intended behavior data were combined using a count-data travel cost model. The intended behavior trip questions asked about changes in number of trips due to the presence of a high-intensity crown fire, prescribed fire, and a 20-year-old high-intensity fire at the area respondents were visiting. Using the estimated recreation demand function, years since a non-crown fire had statistically significant positive effect on the trip demand of hikers. In contrast, presence of crown fires had no statistically significant effect on...
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2001 URL: http://purl.umn.edu/31049
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TRICHOTOMOUS CHOICE: A POSSIBLE SOLUTION TO DUAL RESPONSE OBJECTIVES IN DICHOTOMOUS CHOICE CONTINGENT VALUATION QUESTIONS AgEcon
Loomis, John B.; Traynor, Kerri; Brown, Thomas C..
We investigate the possibility that some respondents to a dichotomous choice question vote YES, even though they would not pay the posted dollar amount in order to register support for the project or policy. A trichotomous choice question format is proposed to determine if allowing respondents the opportunity to vote in favor of a project at an amount less than their bid affects estimated willingness to pay. Using univariate and multivariate tests, we find the trichotomous choice question format reduces the number of YES responses and produces a statistically significant decrease in willingness to pay for an open-space program.
Tipo: Journal Article Palavras-chave: Research Methods/ Statistical Methods.
Ano: 1999 URL: http://purl.umn.edu/30799
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A Comparison of Actual and Hypothetical Willingness to Pay of Parents and Non-Parents for Protecting Infant Health: The Case of Nitrates in Drinking Water AgEcon
Loomis, John B.; Bell, Paul; Cooney, Helen; Asmus, Cheryl.
We estimate adults’ willingness to pay (WTP) to reduce health risks to their own or other families’ infants to test for altruism. A conjoint analysis of adults paying for bottled water found marginal WTP for reduction in risk of shock, brain damage, and mortality in the cash treatment of $2, $3.70, and $9.43, respectively. In the hypothetical market these amounts were $14, $26, and $66, indicating substantial hypothetical bias, although not unexpected due to the topic of infant health. Statistical tests confirm a high degree of altruism in our WTP results, and altruism held even when real money was involved.
Tipo: Journal Article Palavras-chave: Altruism; Conjoint; Drinking water; Nitrates; Validity; Willingness to pay; Agricultural and Food Policy; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; Institutional and Behavioral Economics; I10; Q53.
Ano: 2009 URL: http://purl.umn.edu/56657
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PANEL STRATIFICATION IN META-ANALYSIS OF ENVIRONMENTAL AND NATURAL RESOURCE ECONOMIC STUDIES AgEcon
Rosenberger, Randall S.; Loomis, John B.; Shrestha, Ram K..
Meta-analyses of past research outcomes are becoming more popular, however, the issue of the panel nature of data has not been empirically investigated. We test various forms of data stratifications into panels for outdoor recreation economic studies but do not find any significant effects, possibly because of inherent data complexity.
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/35705
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THE TRAVEL COST DEMAND MODEL AS AN ENVIRONMENTAL POLICY ASSESSMENT TOOL: A REVIEW OF LITERATURE AgEcon
Ward, Frank A.; Loomis, John B..
Estimates of the benefits of environmental improvement, usually a nonmarket commodity, can be a valuable part of the information base for economically efficient environmental decision making. The objective of this paper is to review the literature of one class of nonmarket valuation methodologies based on observed consumption behavior subsumed under the term "travel cost demand models." Relative to travel cost demand models, we examine policy issues and underlying concepts focusing on choice theory and welfare evaluation. In addition, we identify major related empirical issues including demand specification, data problems, demand estimation, and welfare measurement. Unanswered questions may contribute to a research agenda.
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy.
Ano: 1986 URL: http://purl.umn.edu/32249
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Dealing with Preference Uncertainty: A Mixture Model Approach AgEcon
Loureiro, Maria L.; Loomis, John B..
In the current paper, we compare alternative approaches to incorporating uncertainty into the statistical analysis of dichotomous choice responses. In doing so, first we employ previous modelling techniques that included uncertainty of preferences, and secondly we compare the obtained results with those coming from a novel approach here developed, a finite mixture model. The finite mixture model is a very flexible framework used to deal with preference uncertainty. Our case study uses data gathered in the Prestige oil spill valuation study from Spain.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2007 URL: http://purl.umn.edu/10003
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GRASS ROOTS FEDERAL LAND MANAGEMENT: IS THIS DEVOLUTION REALLY THE SOLUTION? AgEcon
Loomis, John B..
Tipo: Journal Article Palavras-chave: Land Economics/Use.
Ano: 2002 URL: http://purl.umn.edu/27984
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A Two-Constraint AIDS Model of Recreation Demand and the Value of Leisure Time AgEcon
Larson, Douglas M.; Shaikh, Sabina L.; Loomis, John B..
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis; Labor and Human Capital.
Ano: 1997 URL: http://purl.umn.edu/35745
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ECONOMIC BENEFITS OF CRITICAL HABITAT FOR THE MEXICAN SPOTTED OWL: A SCOPE TEST USING A MULTIPLE-BOUNDED CONTINGENT VALUATION SURVEY AgEcon
Loomis, John B.; Ekstrand, Earl.
A split-sample design is used to test for a difference between mean willingness to pay (WTP) for protecting the Mexican spotted owl versus protecting 62 threatened/endangered species which includes the Mexican spotted owl. The multiple bounded contingent valuation method is used in a mail survey of U.S. residents. The mean WTP amounts are statistically different at the 0.1 confidence level indicating the multiple-bounded mail survey passes the scope test. The range of estimated benefits of preserving the 4.6 million acres of critical habitat for the Mexican spotted owl substantially outweighs the costs of the recovery effort.
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy.
Ano: 1997 URL: http://purl.umn.edu/30847
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Simple Computational Methods for Measuring the Difference of Empirical Distributions: Application to Internal and External Scope Tests in Contingent Valuation AgEcon
Poe, Gregory L.; Giraud, Kelly L.; Loomis, John B..
This paper develops a statistically unbiased and simple method for measuring the difference of independent empirical distributions estimated by bootstrapping or other simulation approaches. This complete combinatorial method is compared with other unbiased and biased methods that have been suggested in the literature, first in Monte Carlo simulations and then in a field test of external and internal scope testing in contingent valuation. Tradeoffs between methods are discussed. When the empirical distributions are not independent a straightforward difference test is suggested.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2002 URL: http://purl.umn.edu/19664
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A Comparison of Actual and Hypothetical Willingness to Pay of Parents and Non-Parents for Protecting Infants' Health: The Case of Nitrates in Drinking Water AgEcon
Loomis, John B.; Asmus, Cheryl; Bell, Paul.
The objective of this research was to estimate adults' willingness to pay to reduce health risks to their or other families's infants, the latter to test for altruism. A choice experiment was conducted by having adults pay for bottled water for infants to reduce infants' exposure to nitrates in drinking water. Since nitrates only affect infants' health, we have isolated the adults' willingness to pay just for infants' health by buying bottled water to avoid infants' nitrate intake. Respondents were separated into two treatments, one with hypothetical choices, and the other where respondents were told that one of their four choices would be binding, and they would actually buy bottled water using money given to them at the beginning of the experiment....
Tipo: Conference Paper or Presentation Palavras-chave: Altruism; Conjoint; Drinking water; Validity; Willingness to pay; Health Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/9358
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Testing Construct Validity of River Recreation Use Values: A Comparison of Direct Elicitation of Use Values to Use Values Inferred Indirectly from WTP for Total Economic Value AgEcon
Loomis, John B..
Instream Flow, Colorado
Tipo: Conference Paper or Presentation Palavras-chave: Contingent valuation; Instream flow; Recreation benefits; Total economic value; Colorado; Environmental Economics and Policy; Public Economics; Resource /Energy Economics and Policy; Q26; Q51; Q25.
Ano: 2010 URL: http://purl.umn.edu/60410
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Are High Wage Jobs Hazardous to Your Health? The Myth That Attracting Higher Paying Extractive Industry Jobs Is a Desirable Community Economic Development Strategy AgEcon
Loomis, John B.; Kerkvliet, Joe; Weiler, Stephan.
Tipo: Journal Article Palavras-chave: Community/Rural/Urban Development.
Ano: 2007 URL: http://purl.umn.edu/92859
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Verbiage Matters: Do Respondents Answer Willingness to Pay Dichotomous Choice Questions on a Per Person or Per Group Basis? AgEcon
Lohman, Greta; Keske, Catherine M.; Loomis, John B..
Dichotomous choice willingness to pay questions are often used to determine the value visitors place on nature-based recreation. Ambiguity in wording can result in the use of information that does not necessarily reflect visitors’ true WTP. For example, depending on the specificity of the verbiage used, respondents may answer questions on a group basis, rather than an individual basis. To address this issue, experimental surveys were distributed with questions that specifically asked WTP on a per person basis, as compared to control surveys in which the WTP question was more generally worded. Analyses show WTP responses for either survey type are statistically different, with non-overlapping confidence intervals. Furthermore, approaches were conducted...
Tipo: Thesis or Dissertation Palavras-chave: Dichotomous choice; Willingness to pay; Verbiage; Language; Wording; Group; Individual; Community/Rural/Urban Development; Demand and Price Analysis; Environmental Economics and Policy; Land Economics/Use; Public Economics; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/60679
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A COMPARISON OF CONJOINT RATINGS AND RANKINGS: AN APPLICATION FOR PASSIVE USE VALUES OF FOREST HEALTH AgEcon
Haefele, Michelle A.; Loomis, John B..
This paper tests the equivalence of conjoint ratings and rankings to estimate the values of prevention of forest pest infestations. It was found that rankings constructed from ratings were not statistically different from actual rankings. This implies that the easier ratings format can be used in conjoint analysis.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/35729
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Testing Welfare Measurement Gains of Combining Stated and Revealed Preferences Methods Using Count Data Models AgEcon
Gonzalez, Juan Marcos; Loomis, John B.; Gonzalez-Caban, Armando.
This research updates the joint estimation of revealed and stated preference data of Cameron (1992) to allow for joint estimation of the Travel Cost Method (TCM) portion using count data models. Further these count data models reflect correction for truncation and endogenous stratification associated with commonly used on-site recreation sampling. Our updated modeling framework also allows for testing of consistency of behavior between revealed and stated preference data rather than imposing it. Our empirical example is river recreation visitors to the Caribbean National Forest in Puerto Rico. For this data set we find consistency between revealed preference and stated preference data. We also find little gain in estimation efficiency in our data. This may...
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2006 URL: http://purl.umn.edu/21203
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A Joint Estimation Method to Combine Dichotomous Choice CVM Models with Count Data TCM Models Corrected for Truncation and Endogenous Stratification AgEcon
Gonzalez, Juan Marcos; Loomis, John B.; Gonzalez-Caban, Armando.
We update the joint estimation of revealed and stated preference data of previously published research to allow for joint estimation of the Travel Cost Method (TCM) portion using count data models. The TCM estimation also corrects for truncation and endogenous stratification as well as overdispersion. The joint estimation allows for testing consistency of behavior between revealed and stated preference data rather than imposing it. We find little gain in estimation efficiency, but our joint estimation might make a significant improvement in estimation efficiency when the contingent valuation scenarios involve major changes in site quality not reflected in the TCM data.
Tipo: Journal Article Palavras-chave: Contingent valuation models; Joint estimation; Nonmarket valuation; Recreation; Travel cost models; Agribusiness; Demand and Price Analysis; Productivity Analysis; Q51.
Ano: 2008 URL: http://purl.umn.edu/47207
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IRRIGATION WATER DEMAND: A META ANALYSIS OF PRICE ELASTICITIES AgEcon
Scheierling, Susanne M.; Loomis, John B.; Young, Robert A..
Meta-regression models are estimated to investigate sources of variation in empirical estimates of the price elasticity of irrigation water demand. Elasticity estimates are drawn from mathematical programming, econometric and field experiment studies reported in the United States since 1963. Explanatory variables include method of analysis, water price, time-frame of analysis, farmers'’ adjustment options, type of data, and climate. Results indicate that the magnitudes of elasticity estimates are affected by the method of analysis. When separate regressions are performed for the estimates from each method, the price of water at which an elasticity is estimated as well as the time-frame of analysis are found to influence price elasticities.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/20300
Registros recuperados: 47
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