Journal ArticleDOI
Joint models for noise annoyance and willingness to pay for road noise reduction
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TLDR
In this paper, an alternative model was proposed that treated both WTP and annoyance as endogenous variables in a simultaneous equation model as a combination of a linear regression with an ordered probit with correlated error terms and possibly common parameters.Abstract:
Recent contingent valuation (CV) studies of the willingness to pay (WTP) for road noise reduction have used stated annoyance as an independent variable. We argue that this may be inappropriate due to potential endogeneity bias. Instead, an alternative model is proposed that treats both WTP and annoyance as endogenous variables in a simultaneous equation model as a combination of a linear regression with an ordered probit with correlated error terms and possibly common parameters. Thus, information on stated annoyance is utilised to estimate WTP with increased efficiency. Application of the model to a dataset from Copenhagen indicates a potential for improving the precision of the estimate of WTP for noise reduction with CV data.read more
Citations
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Journal ArticleDOI
A critical review of reductionist approaches for assessing the progress towards sustainability
TL;DR: In this article, the authors provide a comprehensive review of different sustainability evaluation tools (from a reductionist perspective) as well as the feasibility of incorporating them within a sustainability assessment framework, including monetary tools, biophysical models and sustainability indicators/composite indices.
Journal ArticleDOI
Embedded value systems in sustainability assessment tools and their implications
TL;DR: This paper argues that the selection of evaluation tools should be consistent with the values of the affected stakeholders and a number of suggestions that could facilitate the choice of the most appropriate tool according to the context of the sustainability evaluation are provided.
Journal ArticleDOI
Accounting for Latent Attitudes in Willingness-to-Pay Studies: The Case of Coastal Water Quality Improvements in Tobago
Stephane Hess,Nesha Beharry-Borg +1 more
TL;DR: In this paper, the authors used an integrated choice and latent variable model in the context of beach visitors' willingness to pay for improvements in water quality, and showed how a latent attitudinal variable, which they refer to as a pro-intervention attitude, helps explain both the responses from the stated choice exercise and answers to various rating questions related to respondent attitudes.
Journal ArticleDOI
Conjoint effect of environmental labeling, disclosure of forest of origin and price on consumer preferences for wood products in the us and uk
Francisco X. Aguilar,Zhen Cai +1 more
TL;DR: In this article, the effects of environmental labeling, disclosure of forest of origin, and price on consumer preferences for wood products were analyzed using a conditional logit model in the US and the UK.
Book ChapterDOI
Hedonic Property Value Studies of Transportation Noise: Aircraft and Road Traffic
TL;DR: In this article, a negative externality is defined as a byproduct of production or consumption activities that adversely affects third parties not directly involved in the associated market transactions, such as noise from aircraft and road traffic.
References
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Book
Econometric Analysis of Cross Section and Panel Data
TL;DR: This is the essential companion to Jeffrey Wooldridge's widely-used graduate text Econometric Analysis of Cross Section and Panel Data (MIT Press, 2001).
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
Annoyance from transportation noise: Relationships with exposure metrics DNL and DENL and their confidence intervals
TL;DR: Better estimates of the confidence intervals due to the improved model of the relationship between annoyance and noise exposure are provided, which is easier to use for practical calculations than the model itself.
Journal ArticleDOI
Bivariate alternatives to the tobit model
Richard Blundell,Costas Meghir +1 more
TL;DR: The authors discusses some generalisations of the Tobit model that allow for distinct processes determining the censoring rule and the continuous observations and examines the effect of different behavioural assumptions on the econometric model.
Journal ArticleDOI
Estimating linear models with ordinal qualitative regressors
TL;DR: In this paper, a simple specification for ordinal qualitative dependent variable models is developed and a consistent asymptotically normal estimator is offered, compared to the conventional dummy variable approach using simulated data.
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