Leamer, Edward
Lustig, Josh
2020-11-06T14:43:29Z
2020-11-06T14:43:29Z
2017
http://hdl.handle.net/20.500.12010/15496
Stated preference surveys are often used to estimate willingness to pay
(WTP) for environmental improvements. These surveys typically ask
respondents to choose between the status quo and one or more environmental improvements at hypothetical costs. The feature of these survey
data that determines the estimate of the WTP is the declining fraction of
respondents who choose an environmental improvement as the hypothetical cost increases. But data alone are not enough. A formal choice model is
also needed to turn these data into WTP estimates. The traditional model
presumes that all respondents know the gain in utility that they would
experience if the environmental improvement were enacted, and they also
know how much utility would be lost if they were compelled to pay the
hypothetical cost. They then are assumed to choose the option with the
greatest hypothetical net benefit, or choose the status quo if all the hypothetical net benefits are negative.
28 páginas
application/pdf
eng
Elgar
Compare costs
Inferences from stated preference surveys when some respondents do not compare costs and benefits
Control de costos
Análisis del valor (Control de costos)
Costos
info:eu-repo/semantics/openAccess
Abierto (Texto Completo)
http://purl.org/coar/resource_type/c_3248