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Estimating Willingness to Pay for E10 fuel: a contingent valuation study AgEcon
Bhattacharjee, Sanjoy; Petrolia, Daniel R.; Herndon, Cary W., Jr..
In this study, we measure willingness to pay for E10 fuel by US consumers employing a contingent valuation technique in a simultaneous latent variable equation framework. The simultaneous equation framework helps us to understand the way consumers' perceptions about ethanol are developed and influence their respective buying behavior.
Tipo: Conference Paper or Presentation Palavras-chave: E10 ethanol; Perceptions and economic choice; Latent variable; Random utility models; Institutional and Behavioral Economics; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods; C12; C35; D12.
Ano: 2008 URL: http://purl.umn.edu/6730
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THE VALUE OF INCREASING THE LENGTH OF DEER SEASON IN OHIO AgEcon
Schwabe, Kurt A.; Schuhmann, Peter W..
Growing deer populations are controlled through changes in hunting regulations including changes in both hunter bag limits and season length. Such action results in direct benefits to hunters and indirect benefits to motorists and the agricultural sector as a lower deer population leads to fewer incidences of human-deer encounters. Traditional recreation demand models are often employed to examine the welfare implications of changes in daily hunting bag limits. Studies measuring the effects of changes in season length, however, are noticeably absent from the literature. This study uses a nested random utility model to examine hunter choice over site and season selection to derive the welfare implications of changes in season length.
Tipo: Conference Paper or Presentation Palavras-chave: Random utility models; Recreation; Resource /Energy Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/21574
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Economic valuation of recreational fishing in Western Australia AgEcon
Raguragavan, Jananee; Hailu, Atakelty; Burton, Michael P..
Allocation of fish resource is a controversial subject. Decision making is partly made difficult by the lack of knowledge on recreational fishing preferences and the value of fishing opportunities. This study investigates fishing site choices in Western Australia. Recreational fishing data covering the eight major fishing regions and fourty eight fishing sites in the State are used. The data are used to estimate a random utility model (RUM) of site choice behaviour with a supporting negative binomial econometric model of angler and fish-specific expected catch rates. We provide value estimates for different fish types, fishing site attribute changes as well as site access values. It is argued that sound economic value estimates can be starkly different...
Tipo: Working or Discussion Paper Palavras-chave: Non-market valuation; Recreational fishing; Random utility models; Fisheries management; Marine environment management; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/97473
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Modelling the determinants of wine choice among South Africa’s “Black Diamonds” AgEcon
Ndanga, Leah Z.B.; Louw, Andre; van Rooyen, C.J.; Chikazunga, Davison.
This paper uses a choice based conjoint analysis in an attempt to develop a consumer profile for the new market for black consumers. Although the different statistical packages used variants of the MNL model, the results were significantly similar with no contradictions in their results and the model provided here had the best statistical significance. Despite the models’ imminent statistical insignificance, they suggested valuable notions about black consumers’ wine choice determinants. Age, gender and the choice of favourite red wine may be used to segment the market and the other significant coefficients will affect the marketing and distribution choices to be followed by wine companies.
Tipo: Working or Discussion Paper Palavras-chave: Random utility models; Wine choice; Determinants; Food Consumption/Nutrition/Food Safety; Marketing.
Ano: 2008 URL: http://purl.umn.edu/108001
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