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| Registros recuperados: 18 | |
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| Smith, V. Kerry; van Houtven, George; Pattanayak, Subhrendu K.. |
| This paper proposes and illustrates the use of a new approach to benefit transfer for the non-market valuation of environmental resources. It treats transfer as an identification problem that requires assessing whether available benefit estimates permit the parameters of a preference function to be identified. The transfer method proposed uses these identifying restrictions to calibrate preference parameters and bases the benefit estimates on that preference function. The approach is illustrated using travel cost, hedonic and contingent valuation estimates, as well as combinations of estimates. It has three potential advantages over conventional practice: (1) it allows multiple, potentially overlapping estimates of the benefits of an improvement in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Benefit transfer; Calibration; Non-market valuation; Environmental Economics and Policy; D61; Q20; H40. |
| Ano: 1999 |
URL: http://purl.umn.edu/10607 |
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| Smith, V. Kerry; Espinosa, Juan Andres. |
| This paper describes the results of using a new computable general equilibrium model for the European Union that incorporates local and transboundary externalities to evaluate the effects of trade policy reform. In contrast to all past theoretical and empirical research, this model includes the morbidity effects of three criteria air pollutants as nonseparable arguments of household preferences. The model is based on the Harrison-Rutherford Wooton model that identifies 11 regions, six aggregate commodities and three factor inputs. Three modifications were made to the model: (a) Stone Geary utility functions were used to characterize preferences for each consumer; (b) nine morbidity effects due to the three air pollutants were introduced as translating... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Trade and environmental policy; CGE models; Environmental Economics and Policy; Q20; H41. |
| Ano: 1996 |
URL: http://purl.umn.edu/10638 |
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| Huang, Ju-Chin; Smith, V. Kerry. |
| This paper argues that the widespread belief that discrete contingent valuation (CV) questions yield substantially larger estimates of the mean (and the median) willingness to pay (WTP) for nonmarket environmental resources in comparison to estimates from open-ended CV questions is unfounded. A set of Monte Carlo experiments estimate the factors influencing the performance of WTP estimates based on discrete response models. Most of the error in the WTP estimates arises from the specification errors that are common in most of the empirical models used in the literature. These experiments suggest models based on choices where WTP is dominated by non use (or passive use) values are likely to have smaller errors than where large use values influence these... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Discrete response contingent valuation; Monte Carlo; Non-market valuation; Financial Economics; C93; D12; Q2. |
| Ano: 1997 |
URL: http://purl.umn.edu/10546 |
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| Estes, Edmund A.; Smith, V. Kerry. |
| National opinion polls indicate that pesticide residues on fresh fruits and vegetables remain an important concern of American consumers, despite a decade-long increase in per capita consumption levels for fresh fruits and vegetables. Increased availability of organically grown fruits and vegetables may change consumer produce purchase behavior which is often dominated by appearance considerations. Domestic consumers likely consider and tradeoff price, visual appearance, and health risk when buying fresh produce. This paper uses an hedonic framework to examine price, appearance, and health risk considerations made by Tucson, Arizona shoppers in 1994. |
| Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics; Demand and Price Analysis. |
| Ano: 1996 |
URL: http://purl.umn.edu/27897 |
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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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| Carson, Richard T.; Hanemann, W. Michael; Kopp, Raymond J.; Krosnick, Jon A.; Mitchell, Robert C.; Presser, Stanley; Ruud, Paul A.; Smith, V. 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. This paper focuses on one of these guidelines -- the Panel's call for the "temporal averaging" of willingness-to-pay (WTP) responses obtained from CV surveys as one method for increasing their reliability. The panel suggested: "Time dependent measurement noise should be reduced by averaging across independently drawn samples taken at different points in time. A clear and substantial time... |
| 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/10580 |
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| Smith, V. Kerry. |
| This paper considers the modeling strategies that have been used to incorporate time in revealed and stated preference methods for valuing environmental resources. After reviewing a subset of the economic models for describing time as an input to household production; time in creating habits and persistence in demand for particular services of environmental resources, and time as offering an opportunity for future consumption, the overview suggests that time has been used as a complement in production or consumption to marketed goods in each of these frameworks. The paper suggests two possible alternatives. This structure along with further restrictions to preferences or technology implies that there are other strategies for using revealed preference data... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Time; Revealed preference; Complementarity; Environmental Economics and Policy; Q20; Q26; H40. |
| Ano: 1997 |
URL: http://purl.umn.edu/10485 |
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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. |
| The past few years have seen a highly charged debate about whether contingent valuation (CV) surveys can provide valid economic measures of people's values for environmental resources. In an effort to appraise the validity of CV measures of economic value, a distinguished panel of social scientists, chaired by two Nobel laureates, was established by NOAA, to critically evaluate the validity of CV measures of nonuse value. The Panel provided an extensive set of guidelines for CV survey construction, administration, and analysis, and distinguished a subset of items from their guidelines for special emphasis and described them as burden of proof requirements. Of particular interest was the Panel's requirement that CV surveys demonstrate "responsiveness to the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Contingent valuation; Scope test; NOAA Panel; Environmental Economics and Policy; D6; H4. |
| Ano: 1996 |
URL: http://purl.umn.edu/10503 |
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| Registros recuperados: 18 | |
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