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Willingness to Pay for Rural Landscape Improvements: Combining Mixed Logit and Random-Effects Models

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  • Danny Campbell

Abstract

This paper reports the findings from a discrete-choice experiment designed to estimate the economic benefits associated with rural landscape improvements in Ireland. Using a mixed logit model, the panel nature of the dataset is exploited to retrieve willingness-to-pay values for every individual in the sample. This departs from customary approaches in which the willingness-to-pay estimates are normally expressed as measures of central tendency of an a priori distribution. Random-effects models for panel data are subsequently used to identify the determinants of the individual-specific willingness-to-pay estimates. In comparison with the standard methods used to incorporate individual-specific variables into the analysis of discrete-choice experiments, the analytical approach outlined in this paper is shown to add considerable explanatory power to the welfare estimates. Copyright 2007 The Agricultural Economics Society.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Agricultural Economics.

Volume (Year): 58 (2007)
Issue (Month): 3 (09)
Pages: 467-483

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Handle: RePEc:bla:jageco:v:58:y:2007:i:3:p:467-483

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Cited by:
  1. Stephen Hynes & Cathal O’Donoghue & Eithne Murphy & Ann Kinsella, 2008. "Are far off hills really greener? The Impact of REPS on Farmer Behaviour," Working Papers 0812, Rural Economy and Development Programme,Teagasc.
  2. Hynes, Stephen & Farrelly, Niall & Murphy, Eithne & O'Donoghue, Cathal, 2008. "Modelling habitat conservation and participation in agri-environmental schemes: A spatial microsimulation approach," Ecological Economics, Elsevier, vol. 66(2-3), pages 258-269, June.
  3. Doherty, Edel & Campbell, Danny & Hynes, Stephen, 2012. "Exploring cost heterogeneity in recreational demand," Working Papers 148832, Socio-Economic Marine Research Unit, National University of Ireland, Galway.
  4. Jacobsen, Jette Bredahl & Lundhede, Thomas Hedemark & Martinsen, Louise & Hasler, Berit & Thorsen, Bo Jellesmark, 2011. "Embedding effects in choice experiment valuations of environmental preservation projects," Ecological Economics, Elsevier, vol. 70(6), pages 1170-1177, April.
  5. Zander, Kerstin K. & Straton, Anna, 2010. "An economic assessment of the value of tropical river ecosystem services: Heterogeneous preferences among Aboriginal and non-Aboriginal Australians," Ecological Economics, Elsevier, vol. 69(12), pages 2417-2426, October.
  6. Marit E Kragt & Jeff Bennett, 2009. "Using Choice Experiments to value River and Estuary Health in Tasmania with Individual Preference Heterogeneity," Environmental Economics Research Hub Research Reports 0916, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University, revised Sep 2009.
  7. Stephen Hynes & Eoghan Garvey, 2008. "Modelling Structural State Dependency in Agri-Environmental Schemes," Working Papers 0827, Rural Economy and Development Programme,Teagasc.
  8. Eija Pouta & Ioanna Grammatikopoulou & Timo Hurme & Katriina Soini & Marja Uusitalo, 2014. "Assessing the Quality of Agricultural Landscape Change with Multiple Dimensions," Land, MDPI, Open Access Journal, vol. 3(3), pages 598-616, July.
  9. Gracia, Azucena & Barreiro-Hurle, Jesus & Perez y Perez, Luis, 2009. "Understanding Market potential for biodiesel in Spain: A Pilot study based on consumer preferences," 2009 Conference, August 16-22, 2009, Beijing, China 50329, International Association of Agricultural Economists.
  10. Lava Prakash Yadav & Stephen O’Neill & Tom van Rensburg, 2013. "Economic Crisis and the Restructuring of Wage Setting Mechanisms for Vulnerable Workers in Ireland," The Economic and Social Review, Economic and Social Studies, vol. 44(2), pages 221-245.
  11. Abildtrup, Jens & Garcia, Serge & Olsen, Søren Bøye & Stenger, Anne, 2013. "Spatial preference heterogeneity in forest recreation," Ecological Economics, Elsevier, vol. 92(C), pages 67-77.
  12. Azucena Gracia, 2014. "Consumers’ preferences for a local food product: a real choice experiment," Empirical Economics, Springer, vol. 47(1), pages 111-128, August.
  13. Balcombe, Kelvin & Chalak, Ali & Fraser, Iain, 2009. "Model selection for the mixed logit with Bayesian estimation," Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 226-237, March.
  14. Chung, Chanjin & Briggeman, Brian C. & Han, Sungill, 2008. "Willingness to Pay for Beef Quality Attributes: Combining Mixed Logit and Latent Segmentation Approach," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6411, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  15. Espinosa-Goded, Maria & Barreiro-Hurle, Jesus & Ruto, Eric, 2009. "Modeling Farmers Prefences For Agrienvironmental Scheme Design: A Spanish Case Study," 2009 Conference, August 16-22, 2009, Beijing, China 50328, International Association of Agricultural Economists.
  16. Rulleau, Bénédicte & Dachary-Bernard, Jeanne, 2012. "Preferences, rational choices and economic valuation: Some empirical tests," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(2), pages 198-206.
  17. Bliemer, Michiel C.J. & Rose, John M., 2013. "Confidence intervals of willingness-to-pay for random coefficient logit models," Transportation Research Part B: Methodological, Elsevier, vol. 58(C), pages 199-214.
  18. Kragt, Marit E., 2013. "Evidence-based Research in Environmental Choice Experiments," Working Papers 153335, University of Western Australia, School of Agricultural and Resource Economics.
  19. Hoyos Ramos, David & Mariel Chladkova, Petr & De Ayala Bilbao, Amaya, . "Landscape valuation through discrete choice experiments: Current practice and future research reflections," BILTOKI 2012-03, Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística).
  20. Peter Howley & Stephen Hynes & Niall Farrelly & Eithne Murphy & Cathal O’Donoghue, 2008. "Conservation under the Irish Rural Environmental Protection Scheme: What land cover types are being protected?," Working Papers 0804, Rural Economy and Development Programme,Teagasc.
  21. Yao, Richard T. & Scarpa, Riccardo & Turner, James A. & Barnard, Tim D. & Rose, John M. & Palma, João H.N. & Harrison, Duncan R., 2014. "Valuing biodiversity enhancement in New Zealand's planted forests: Socioeconomic and spatial determinants of willingness-to-pay," Ecological Economics, Elsevier, vol. 98(C), pages 90-101.
  22. Morey, Edward & Thiene, Mara & De Salvo, Maria & Signorello, Giovanni, 2008. "Using attitudinal data to identify latent classes that vary in their preference for landscape preservation," Ecological Economics, Elsevier, vol. 68(1-2), pages 536-546, December.

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