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| Kang, Heechan; Haab, Timothy C.. |
| This essay develops a new method to diagnose inconsistency in dichotomous choice contingent valuation with follow-up questions: in particular, downward bias in the mean WTP. It is shown that the previous methods aimed to explain this inconsistency in responses have ignored statistical inconsistency: non-perfect correlation between the initial and follow-up responses and thus have provided wrong predictions to explain respondents' inconsistency pattern. In addition, from an application of our method, it has been proven that one model can not encompass all other possible inconsistency patterns in responses. Test results show that the behavioral inconsistency patterns are different both within and between data sets |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 2006 |
URL: http://purl.umn.edu/21394 |
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| Kang, Heechan; Haab, Timothy C.. |
| We develop a theoretical model that is capable of explaining the existence of sustainable common pool resource equilibria in the absence of external regulation. We combine ideas from the literature on social norms in an iterative game theory framework to establish the existence of multiple sustainable common pool equilibria. Summary: Consider a highly stylized common pool resource (CPR) allocation problem where individual agents have the opportunity to comply or defect from some benchmark behavior. For example, a recreational boater can choose to dispose of trash overboard or haul the trash to shore, or perhaps a polluting firm can choose to meet or exceed a governmental standard for emissions. Traditional neo-classical models of common pool... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19220 |
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