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Estimating Willingness to Pay for E10 fuel: a contingent valuation study

Author

Listed:
  • Bhattacharjee, Sanjoy
  • Petrolia, Daniel R.
  • Herndon, Cary W., Jr.

Abstract

In this study, we measure willingness to pay for E10 fuel by US consumers employing a contingent valuation technique in a simultaneous latent variable equation framework. The simultaneous equation framework helps us to understand the way consumers' perceptions about ethanol are developed and influence their respective buying behavior.

Suggested Citation

  • Bhattacharjee, Sanjoy & Petrolia, Daniel R. & Herndon, Cary W., Jr., 2008. "Estimating Willingness to Pay for E10 fuel: a contingent valuation study," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6730, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6730
    DOI: 10.22004/ag.econ.6730
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    References listed on IDEAS

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    3. Kotchen, Matthew J. & Moore, Michael R., 2007. "Private provision of environmental public goods: Household participation in green-electricity programs," Journal of Environmental Economics and Management, Elsevier, vol. 53(1), pages 1-16, January.
    4. Bengt Muthén, 1984. "A general structural equation model with dichotomous, ordered categorical, and continuous latent variable indicators," Psychometrika, Springer;The Psychometric Society, vol. 49(1), pages 115-132, March.
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    More about this item

    Keywords

    Institutional and Behavioral Economics; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods;
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