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Using Stated-Preference Questions to Investigate Variations in Willingness to Pay for Preserving Marble Monuments: Classic Heterogeneity, Random Parameters, and Mixture Models

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Author Info
Edward Morey
Kathleen Greer Rossmann

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Abstract

This paper investigates heterogeneity in the preferences/WTP (willingness to pay) to preserve marble monuments in Washington, D.C. This is done in the context of three different discrete-choice random-utility models. The main focus is to estimate a mixture model of choices over preservation programs. This model captures the best features of random-parameters models and models that assume preference parameters are deterministic functions of observable characteristics of the individual. The mixture model, and it alone, predicts that increased preservation is a bad for a significant proportion of young, non-Caucasians. That some proportion of the population might consider preservation a bad is a contingency that should be planned for in efforts to value cultural resources. Data and computer code are available athttp://www.colorado.edu/economics/morey/dataset.html. Copyright Kluwer Academic Publishers 2003

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File URL: http://hdl.handle.net/10.1023/A:1026365125898
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Publisher Info
Article provided by Springer in its journal Journal of Cultural Economics.

Volume (Year): 27 (2003)
Issue (Month): 3 (November)
Pages: 215-229
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Handle: RePEc:kap:jculte:v:27:y:2003:i:3:p:215-229

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Related research
Keywords: choice experiments; mixture models; preference heterogeneity; random parameters;

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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. David Revelt & Kenneth Train, 1998. "Mixed Logit With Repeated Choices: Households' Choices Of Appliance Efficiency Level," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 647-657, November. [Downloadable!] (restricted)
  2. Stevens, Thomas H. & Barrett, Christopher & Willis, Cleve E., 1997. "Conjoint Analysis Of Groundwater Protection Programs," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(2), October. [Downloadable!]
  3. Kenneth E. Train, 1998. "Recreation Demand Models with Taste Differences over People," Land Economics, University of Wisconsin Press, vol. 74(2), pages 230-239. [Downloadable!] (restricted)
  4. Breffle, William S. & Morey, Edward R., 2000. "Investigating Preference Heterogeneity In A Repeated Discrete-Choice Recreation Demand Model Of Atlantic Salmon Fishing," Marine Resource Economics, Marine Resources Foundation, vol. 15(1). [Downloadable!]
  5. David F. Layton & Gardner Brown, 2000. "Heterogeneous Preferences Regarding Global Climate Change," The Review of Economics and Statistics, MIT Press, vol. 82(4), pages 616-624, November. [Downloadable!] (restricted)
  6. Roe, Brian & Boyle, Kevin J. & Teisl, Mario F., 1996. "Using Conjoint Analysis to Derive Estimates of Compensating Variation," Journal of Environmental Economics and Management, Elsevier, vol. 31(2), pages 145-159, September. [Downloadable!] (restricted)
  7. Edward R. Morey & Vijaya R. Sharma & Anders Karlstrom, 2003. "A Simple Method of Incorporating Income Effects into Logit and Nested-Logit Models: Theory and Application," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 85(1), pages 248-253, 02. [Downloadable!] (restricted)
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(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. Clark, Andrew & Etilé, Fabrice & Postel-Vinay, Fabien & Senik, Claudia & Van der Straeten, Karine, 2004. "Heterogeneity in Reported Well-Being: Evidence from Twelve European Countries," IZA Discussion Papers 1339, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  2. Chr. Hjorth-Andersen, 2004. "The Danish Cultural Heritage: Economics and Politics," Discussion Papers 04-33, University of Copenhagen. Department of Economics. [Downloadable!]
  3. Patrizia Riganti & Annamaria Nese & Ugo Colombino, 2004. "Eliciting Public Preferences For Managing Cultural Heritage Sites: Evidence from a Case study on the Temples Of Paestum," ERSA conference papers ersa04p437, European Regional Science Association. [Downloadable!]
  4. Ekin Birol & Katia Karousakis & Phoebe Koundouri, 2005. "Using a choice experiment to estimate the non-use values of wetlands: The case of Cheimaditida wetland in Greece," Environmental Economy and Policy Research Working Papers 08.2005, University of Cambridge, Department of Land Economics, revised 2005. [Downloadable!]
  5. Ugo Colombino & Annamaria Nese & Patrizia Riganti, 2005. "Eliciting Public Preferences For Managing Cultural Heritage," Public Economics 0501004, EconWPA. [Downloadable!]
  6. Ekin Birol & Eric Rayn Villalba, 2006. "Estimating Mexican Farmers’ Valuation of Milpa Diversity and Genetically Modified Maize: A Choice Experiment Approach," Environmental Economy and Policy Research Working Papers 21.2006, University of Cambridge, Department of Land Economics, revised 2006. [Downloadable!]
  7. Anna Alberini & Alberto Longo & Patrizia Riganti, 2006. "Using Surveys to Compare the Public’s and Decisionmakers’ Preferences for Urban Regeneration: The Venice Arsenale," Working Papers 2006.137, Fondazione Eni Enrico Mattei. [Downloadable!]
  8. Moore, Rebecca, 2008. "Using Attitudes to Characterize Heterogeneous Preferences," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6488, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  9. Carlos Pestana Barros & Marilena Vecco & Victor Blanco, 2008. "Addiction At the Biennale of Venice," Working Papers 2008/14, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
  10. Ricardo Scarpa & Mara Thiene & Kenneth Train, 2006. "Utility in WTP Space: A Tool to Address Confounding Random Scale Effects in Destination Choice to the Alps," Working Papers in Economics 06/15, University of Waikato, Department of Economics. [Downloadable!]
  11. Boter, Jaap & Rouwendal, Jan & Wedel, Michel, 2004. "Employing Travel Costs to Compare the Use Value of Competing Cultural Organizations," Serie Research Memoranda 0011, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
  12. Jaap Boter & Jan Rouwendal & Michel Wedel, 2005. "Employing Travel Time to Compare the Value of Competing Cultural Organizations," Journal of Cultural Economics, Springer, vol. 29(1), pages 19-33, February. [Downloadable!] (restricted)
  13. Jérôme Massiani & Paolo Rosato, 2008. "The Preferences of Trieste Inhabitants for the Re-use of the Old Port: A Conjoint Choice Experiment," Working Papers 2008.74, Fondazione Eni Enrico Mattei. [Downloadable!]
  14. Katia Karousakis & Ekin Birol, 2006. "Investigating Household Preferences for Kerbside Recycling Services in London: A Choice Experiment Approach," Environmental Economy and Policy Research Working Papers 18.2006, University of Cambridge, Department of Land Economics, revised 2006. [Downloadable!]
  15. Arne Risa Hole, 2007. "Modelling Heterogeneity in Patients' Preferences for the Attributes of a General Practitioner Appointment," Working Papers 022cherp, Centre for Health Economics, University of York. [Downloadable!]
    Other versions:
  16. Patrizia Riganti & Anna Alberini & Alberto Longo, 2005. "Public Preferences for Land uses’ changes - valuing urban regeneration projects at the Venice Arsenale," ERSA conference papers ersa05p756, European Regional Science Association. [Downloadable!]
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