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Conjoint Analysis Of Groundwater Protection Programs

  • Stevens, Thomas H.
  • Barrett, Christopher B.
  • Willis, Cleve E.
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    Three conjoint models-a traditional ratings model, a ratings difference specification, and a binary response model-were used to value groundwater protection program alternatives. The last, which is virtually identical to a dichotomous choice contingent valuation specification, produced the smallest value estimates. This suggests that the conjoint model is very sensitive to model specifications and that traditional conjoint models may overestimate economic value because many respondents are not in the market for the commodity being valued.

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    File URL: http://purl.umn.edu/31562
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    Article provided by Northeastern Agricultural and Resource Economics Association in its journal Agricultural and Resource Economics Review.

    Volume (Year): 26 (1997)
    Issue (Month): 2 (October)
    Pages:

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    Handle: RePEc:ags:arerjl:31562
    Contact details of provider: Web page: http://www.narea.org/
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    1. Edwards, Steven F., 1988. "Option prices for groundwater protection," Journal of Environmental Economics and Management, Elsevier, vol. 15(4), pages 475-487, December.
    2. Kalle Seip & Jon Strand, 1992. "Willingness to pay for environmental goods in Norway: A contingent valuation study with real payment," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(1), pages 91-106, January.
    3. MacKenzie, John, 1990. "Conjoint Analysis Of Deer Hunting," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(2), October.
    4. 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.
    5. F Reed Johnson & William H. Desvousges & Lisa L. Wood & Erin E. Fries, . "Conjoint Analysis of Individual and Aggregate Environmental Preferences," Working Papers 9502, Triangle Economic Research.
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