Journal ArticleDOI
Income Treatment Effects in Contingent Valuation: The Case of the Swedish Predator Policy
TLDR
In this article, a sensitivity analysis is performed on a dataset concerning implementation of the Swedish predator policy and the results show that the estimated income-elasticity of WTP varies between 0.12 and 0.40 for the models estimated.Abstract:
This paper provides case study evidence on two relevant issues in estimating the relationship between WTP and income using contingent valuation: (1) the choice of income measure; and (2) the modelling choice. Addressing these issues, a sensitivity analysis is performed on a dataset concerning implementation of the Swedish predator policy. The results show that the estimated income-elasticity of WTP varies between 0.12 and 0.40 for the models estimated. The main conclusion drawn from the analysis is that controlling for the number of adults in the household is important for finding a significant income effect, when the household income measure is used. Besides this finding the empirical analysis finds little support for the hypothesis that the choice of income measure and modelling assumptions significantly influence the overall model fit.read more
Citations
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Journal ArticleDOI
Social costs of tourism during the COVID-19 pandemic.
TL;DR: Residents' perceptions of the risks posed by tourism activity are described, and their willingness to pay to reduce public health risks based on hypothetical scenarios are estimated using the triple-bounded dichotomous choice contingent valuation method.
Journal ArticleDOI
A test of cheap talk in different hypothetical contexts: the case of air pollution
TL;DR: In this paper, the authors explore the influence of a neutral cheap talk script in three typical scenarios used in the contingent valuation literature devoted to the valuation of air pollution effects, and show that cheap talk has a varying effect on both willingness to pay (WTP) and protest responses, depending on the scenario implemented.
Journal ArticleDOI
The influence of cheap talk on willingness-to-pay ranges: some empirical evidence from a contingent valuation study
TL;DR: The authors investigated the effects of cheap talk on willingness-to-pay ranges, in a case study on remote mountain lakes, and found that cheap talk has no influence on the width of people's willingness to pay range, but is effective at lowering the mean willingness topay.
Journal ArticleDOI
Income inequality and willingness to pay for environmental public goods
Stefan Baumgärtner,Stefan Baumgärtner,Moritz A. Drupp,Moritz A. Drupp,Moritz A. Drupp,Jasper N. Meya,Jasper N. Meya,Jan M. Munz,Martin F. Quaas +8 more
TL;DR: In this article, the authors study how the distribution of income among members of society, and income inequality in particular, affects social willingness to pay (WTP) for environmental public goods and derive adjustment factors for benefit transfer to control for differences in income distributions between a study site and a policy site.
Journal ArticleDOI
Ramsey Discounting of Ecosystem Services
Stefan Baumgärtner,Alexandra-Maria Klein,Alexandra-Maria Klein,Denise Thiel,Denise Thiel,Klara J. Winkler,Klara J. Winkler +6 more
TL;DR: In this paper, the authors proposed a two-goods extension of the Ramsey growth model to apply good-specific discount rates for manufactured consumption goods and for ecosystem services, and found that ecosystem services in all countries should be discounted at rates that are significantly lower than the ones for manufacturing consumption goods.
References
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Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
Journal ArticleDOI
Likelihood Ratio Tests for Model Selection and Non-Nested Hypotheses
TL;DR: In this article, the authors propose simple and directional likelihood-ratio tests for discriminating and choosing between two competing models whether the models are nonnested, overlapping or nested and whether both, one, or neither is misspecified.
Journal ArticleDOI
Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses
TL;DR: In this article, two distinct types of welfare measures are introduced and then estimated from Bishop and Heberlein's data, based on the hypothesis of utility maximization, and measures of compensating and equivalent surplus are derived from the fitted models.
Journal ArticleDOI
Contingent Valuation: Is Some Number Better than No Number?
TL;DR: In this article, the authors conclude that current methods are not suitable for damage assessment or benefit-cost analysis, and they believe the problems come from an absence of preferences, not a flaw in survey methodology, making improvement unlikely.
BookDOI
Contingent valuation : a critical assessment
TL;DR: In this article, the authors present an overview and outlook on the contingent valuation measurement of non-use values, and discuss economic and legal problems using contingent valuation-based measures of nonuse value.
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