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Exploring the Beta Model Using Proportional Budget Information in a Contingent Valuation Study

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Author Info
Hui Li () (Department of Economics, Eastern Illinois University)
Robert P. Berrens Alok K. Bohara (Department of Economics, University of New Mexico)
Hank C. Jenkins-Smith Carol L. Silva (George Bush School of Government and Public Service, Texas A&M University)
David L. Weimer () (George Bush School of Government and Public Service, Texas A&M University)

Additional information is available for the following registered author(s):

Abstract

Using a set of random telephone and Internet (web-based) survey samples for a national advisory referendum, we implement Beta models to handle proportional budget information, and allow for consistency in modeling assumptions and the calculation of estimated willingness to pay (WTP). Results indicate significant budget constraint effects and demonstrate the potential for Beta models in handling mental-accounting type information.

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File URL: http://economicsbulletin.vanderbilt.edu/2005/volume17/EB-05Q20007A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 17 (2005)
Issue (Month): 8 ()
Pages: 1-9
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:17:y:2005:i:8:p:1-9

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Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
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Related research
Keywords: Beta model; budget constraint; Kyoto Protocol; mental accounts; referendum;

Find related papers by JEL classification:
Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Christopher G. Leggett & Naomi S. Kleckner & Kevin J. Boyle & John W. Dufield & Robert Cameron Mitchell, 2003. "Social Desirability Bias in Contingent Valuation Surveys Administered Through In-Person Interviews," Land Economics, University of Wisconsin Press, vol. 79(4), pages 561-575. [Downloadable!] (restricted)
  2. Bockstael, N. & Costanza, R. & Strand, I. & Boynton, W. & Bell, K. & Wainger, L., 1995. "Ecological economic modeling and valuation of ecosystems," Ecological Economics, Elsevier, vol. 14(2), pages 143-159, August. [Downloadable!] (restricted)
  3. Cameron, Trudy Ann & Poe, Gregory L. & Ethier, Robert G. & Schulze, William D., 2002. "Alternative Non-market Value-Elicitation Methods: Are the Underlying Preferences the Same?," Journal of Environmental Economics and Management, Elsevier, vol. 44(3), pages 391-425, November. [Downloadable!] (restricted)
  4. Berrens, Robert P. & Bohara, Alok K. & Jenkins-Smith, Hank C. & Silva, Carol L. & Weimer, David L., 2004. "Information and effort in contingent valuation surveys: application to global climate change using national internet samples," Journal of Environmental Economics and Management, Elsevier, vol. 47(2), pages 331-363, March. [Downloadable!] (restricted)
  5. Hui Li & R. P. Berrens & A. K. Bohara & H. C. Jenkins-Smith & C. L. Silva & L. Weimer, 2004. "Telephone versus Internet samples for a national advisory referendum: are the underlying stated preferences the same?," Applied Economics Letters, Taylor and Francis Journals, vol. 11(3), pages 173-176, February. [Downloadable!] (restricted)
  6. Timothy C. Haab & Kenneth E. McConnell, 1998. "Referendum Models and Economic Values: Theoretical, Intuitive, and Practical Bounds on Willingness to Pay," Land Economics, University of Wisconsin Press, vol. 74(2), pages 216-229. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Onno J. Kuik & Barbara Bucher & Michela Catenacci & Etem Karakaya & Richard S.J. Tol, 2006. "Methodological aspects of recent climate change damage cost studies," Working Papers FNU-122, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2006. [Downloadable!]
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