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| Registros recuperados: 54 | |
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| Cooper, Joseph C.; Hanemann, W. Michael; Signorello, Giovanni. |
| To reduce the potential for response bias on the follow-up bid in multiple-bound discrete choice CVM questions while maintaining much of the efficiency gains of the multiple-bound approach, we introduce the one-and-one-half-bound (OOHB) approach. Despite the fact that the OOHB model uses less information than the double-bound (DB) approach, efficiency gains in moving from single-bound to OOHB capture a large portion of the gain associated with moving from single-bound to DB. In an analysis of survey data, our OOHB estimates demonstrated higher consistency with respect to the follow-up data than the DB estimates and were more efficient as well. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy; Q20; Q26; C15; C25. |
| Ano: 2001 |
URL: http://purl.umn.edu/25003 |
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| Carson, Richard T.; Hanemann, W. Michael; Kopp, Raymond J.; Krosnick, Jon A.; Mitchell, Robert C.; Presser, Stanley; Ruud, Paul A.; Smith, V. Kerry; Conaway, Michael; Martin, Kerry. |
| In 1992 the National Oceanic and Atmospheric Administration (NOAA) convened a panel of prominent social scientists to assess the reliability of natural resource damage estimates derived from contingent valuation (CV). The product of the Panel's deliberations was a report that laid out a set of recommended guidelines for CV survey design, administration, and data analysis. One of the Panel's recommendations was that CV surveys should employ a referendum approach. This method describes a choice mechanism that asks each respondent how they would vote if faced with a particular program and the prospect of paying for the program through some means, such as higher taxes. The Panel also recommended that CV referendum questions which commonly use only "for" or... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Contingent valuation; Natural resource damages; Passive use; Exxon Valdez; Reliability; Environmental Economics and Policy; D60; D61; K32; Q28. |
| Ano: 1995 |
URL: http://purl.umn.edu/10865 |
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| Busch, Christopher B.; Hanemann, W. Michael. |
| This paper explores the impact on beach attendance of beach closures and the intersite and intertemporal substitution that may follow beach closures. A model of beach attendance is developed that builds on a model constructed by Paul Ruud to support the State of California's claim to damages after the American Trader oil spill off the coast of Orange County, southern California. Newly gathered data on beach closures is combined with data on daily attendance from 1985-1993. Variables are constructed to test for intersite substitution (the shifting of beach recreation in space, i.e. from a closed beach to another beach) and intertemporal substitution (the shifting of demand for recreation at a particular beach over time). The method of non-linear least... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy; Research Methods/ Statistical Methods. |
| Ano: 2001 |
URL: http://purl.umn.edu/6865 |
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| Schlenker, Wolfram; Hanemann, W. Michael; Fisher, Anthony C.. |
| We link farmland values to climatic, soil, and socioeconomic variables for counties east of the 100th meridian, the historic boundary of agriculture not primarily dependent on irrigation. Degree days, a non-linear transformation of the climatic variables suggested by agronomic experiments as more relevant to crop yield gives an improved fit and increased robustness. Estimated coefficients are consistent with the experimental results. The model is employed to estimate the potential impacts on farmland values for a range of recent warming scenarios. The predictions are very robust and more than 75% of the counties in our sample show a statistically significant effect, ranging from moderate gains to large losses, with losses in the aggregate that can become... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2004 |
URL: http://purl.umn.edu/19222 |
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| Narain, Urvashi; Hanemann, W. Michael; Fisher, Anthony C.. |
| We define the irreversibility effect and demonstrate its importance in problems involving investment decisions under uncertainty. We establish several analytical and numerical results that suggest both that the effect holds more widely than generally recognized, and that an existing result (Epstein's Theorem) giving a sufficient condition for determining whether the effect holds can be applied more widely than previously indicated, in particular to problems involving intertemporally nonseparable benefit functions. We further show that a low elasticity of intertemporal substitution will however result in failure of the effect, but that the effect will hold if the value of information increases in the degree of flexibility. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2004 |
URL: http://purl.umn.edu/25101 |
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| Registros recuperados: 54 | |
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